UPDATED ALERT: As U.S. Economic Activity Turns Increasingly Negative,
So Too Will the Stock Market and the U.S. Dollar

February Real Median Household Income and March Real Hourly Earnings Declined;
Excessive FOMC Rate Hikes and Tightening Have Pummeled Consumer Liquidity

Sharply Deteriorating Retail Sales, Housing Starts, Manufacturing and
Freight Activity, and a Trade Deficit Narrowed by Collapsing Imports and
Consumption, All Signal Pending Contraction in Real Gross Domestic Product

New Recession Should Be Timed from November/Fourth-Quarter 2018 Peak;
Fourth-Quarter 2018 GDP Growth Faces Further Downside Revision;
First- and Second-Quarter 2019 Real GDP Quarterly Contractions Loom

Unusually Wide Range of Forecasts for Initial First-Quarter 2019 GDP, from
1.4% (N.Y. Fed) to 2.8% (Atlanta Fed), Reflect Turmoil in Shutdown Disrupted Data;
Headline Estimate Should Come In Below or at the Low-End of Expectations,
Ultimately Revising to Outright Contraction by July

Holding Rates Steady at Present, FOMC Should Be Easing by September

Income Dispersion Is Worst Since Before the 1929 Stock Crash and Great Depression

Annual Drop in First-Quarter 2019 Monetary Base Was Greater Than the
Inadvertent Plunge That Triggered the 1937 Second Down-Leg of the Great Depression

Spiking Gasoline and Oil Prices Are Reviving Headline CPI/PPI Inflation,
Not the FOMC Canard of an Ever-Strengthening or Overheating Economy

Time for Congress to Overhaul the Federal Reserve?

U.S. Treasury Fiscal Operations Are Not Sustainable, Threatening
U.S. Financial-Market and Dollar Turmoil, and Ultimately Hyperinflation