Flash Commentary No. 1458

(SGS Subscription required) • January 2021 Manufacturing Declined Year-to-Year for the 19th Consecutive Month, Still in the Downturn Induced by the FOMC 15 Months Before the Pandemic Collapse
• Where January 2021 Year-to-Year Manufacturing Contracted by 1.0% (-1.0%), It Also Contracted by 1.8% (-1.8%) from January 2019, Two Years Ago
• While the January 2021 Cass Freight Index® Gained Year-to-Year for the Fourth Straight Month, It Also Contracted by 1.6% (-1.6%) from Two Years Ago
• Despite Happy Headline Gains in January 2021 Real Retail Sales, Production and Construction, the Underlying Payroll Employment Numbers Tell the Opposite Story
• First-Quarter 2021 GDP Remains at Risk of Relapsing into Quarterly Contraction
• January 2021 Producer Price Index Monthly Inflation Hit a Record, 10-Year High
• U.S. Dollar Collapse Accelerates
• Holding Physical Precious Metals Remains the Best Hedge Against Developing Inflation and Financial-Market Turmoil

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.