FOMC Fumbled, Boosting Rates and Promising Further Rate Hikes,
While Liquidity-Starved Consumer Activity Already Suggests a New Recession

Pace of November 2018 Payroll Jobs Growth Slowed to 155,000 (143,000 net of revisions),
Against a downwardly revised monthly gain of 237,000 (previously 250,000) in October

November U.3 Unemployment Dropped to a Record Low 3.67%, from 3.74% in October,
While Broader U.6 Unemployment Rose to 7.57% from 7.43% and
ShadowStats-Alternate Unemployment Notched Higher to 21.3% from 21.2%

Intense Labor-Market Stress Remained Consistent with
Headline Unemployment Near a Record High, Not a Record Low

November Real Average Weekly Earnings Dropped With a Declining Work Week

October 2018 U.S. Real Merchandise Trade Deficit Widened, and the
Third-Quarter 2018 Worst-Ever Trade Deficit Deepened in Revision, with
Negative Implications for the U.S. Dollar and for Fourth-Quarter GDP

Strength in Recent Economic Headline Activity Commonly Was Boosted by
Downside Revisions to Prior Reporting

Collapsing Oil and Gasoline Prices Slowed November Headline CPI Inflation,
Yet They Had the Net Effect of Boosting the Nonsensically Defined PPI Inflation

Non-Seasonal, Extreme Monthly Swings in Gasoline Prices
Have Disrupted any Consistent Trend in Monthly Year-to-Year CPI Inflation