Silver as an investment

Another “Recession Dead Ahead” Indicator Just Hit

During the FOMC press conference this week, Janet Yellen was pushed by Bloomberg’s Kathleen Hays to explain why she hiked rates amid what was evidently not a surging economy.

While Q1 looks to be the weakest economic growth period for a rate hike since 1980… 

 

Today we got some more weakness-confirming real-time ‘hard’ data confirming the facts that the US economy is anything but as strong and resilient as Yellen proclaimed it.

Industrial Production has never declined on a 24-month basis without the US economy being in recession

So, dear Janet, explain yourself (or just blame the weather… for 29 straight months).