Flash Commentary No, 1460b

(SGS Subscription required) • Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary
• There Is No V-Shaped Recovery
• Battered, Non-Recovered May 2021 Payrolls and Unemployment Confirmed a Still-Ravaged on Par With the Great Depression
• Severely Negative Annual Revisions to Industrial Production Mean the Was in Recession Well Before the Pandemic Hit
• Business-Cycle Conditions Are Collapsing Rapidly, Amidst an Extreme Acceleration in Inflation
• 2021 Social Security Cost of Living Adjustment (COLA) Could Spike to a 40-Year High, Based on Potential Third-Quarter 2021 CPI-W
• Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present
• FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead
• Despite Talk of “Tightening” in 2022 or 2023, FOMC Is “Easing” Anew in Its Latest Actions

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