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« How China Just 'Reset' the Global Monetary System With Gold | Main | Public Enemy Number One is Not Russia – Its Apathy »
Tuesday
Mar202018

Paul Craig Roberts – You Won’t Believe What Is Happening In The U.S.

With continued uncertainty in global markets, today Paul Craig Roberts says you won’t believe what is happening in the United States.

March 20 (King World News) –  Paul Craig Roberts:  This was from John Williams’ proprietary report:  

Subject to Likely Downside Annual Benchmark Revisions this Coming Friday, February Industrial Production Jumped by 1.1% (0.9% Net of Revisions), Reflecting improbable Strength in Manufacturing and Mining. 
“Despite this perhaps premature report of industrial production gains, Given a Record 122 Months of Non-Expansion, Manufacturing Still Holds Shy of Its Pre-Recession Peak by 3.7% (-3.7%). [That peak was a decade ago!]
“Manufacturing Gains Likely Reflected Some Inventory Rebuilding Against Weakening Sales, As Disaster-Recovery Bloat Passes from the System.
“Continuing in Nonsensical Monthly Booms and Busts, February Housing Starts Activity Fell by 7.0% (-7.0%), Still Shy by 45.6% (-45.6%) of Recovering Its Pre-Recession Peak.
“First-Quarter 2018 GDP Outlook Continued to Weaken. 
“Nonetheless, the FOMC Appears Set for a Rate Hike on Wednesday.”

more.....

 gold is struggling at the moment, but could well bounce once the news about the rate hike is out....

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