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