U.S. Economy and Markets Are Transitioning, and It Is Not Good News

Excessive FOMC Rate Hikes and Tightening of the Last Year Have
Pushed the Economy to the Brink of a New Recession, Exacerbated by the Shutdown

Headline Back-to-Back First- and Second-Quarter 2019 GDP Contractions Likely
Follow Still-Pending Reporting of Sharply Slowing Fourth-Quarter 2018 GDP;
Consider Plunging Retail Sales, Production, Manufacturing and Freight Activity

Unprecedented in 100 Years of Reported U.S. Manufacturing Activity,
December 2018 Marked a Record Eleven Full Years of Economic Non-Expansion

January 2019 Monetary Base Suffered Its Steepest Annual Decline Since
Triggering the Second Down-Leg of the Great Depression

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

With a Tanking Economy, the Stock-Market Sell-Off Is Far from Finished;
Political Discord in Washington Should Exacerbate and Intensify Market Instabilities

Does This Concern the FOMC and Government Policy Makers? It Should!

Driven by Energy Prices, 2018 Annual Inflation Measures Hit Multi-Year Highs,
Not Driven by the FOMC Rate-Hike Canard of an Overheating Economy

Time for Congress to Revisit the Concept of the Federal Reserve?

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