2014 Macro View

John Williams’ latest commentary on the state of the U.S. economy and dollar:

Extremely Difficult Circumstances in the Year Ahead:

Confluence of Economic and Systemic Crises Should Intensify
With Global Confidence in Dollar Rattled by Uncontrollable Fiscal and Monetary Excesses,
U.S. Government and the Federal Reserve Have Limited Options to Address Panics
Heavy Selling of U.S. Dollar Remains Likely Proximal Trigger for Inflation Pick-Up
Developing Hyperinflation Would Push Ongoing Recession into Deep Depression
Physical Gold Remains Primary Hedge for Preserving Wealth and Assets

Source and subscription:  http://www.shadowstats.com

John is an expert on the macroeconomic statistics generated by the federal government.  If anyone understands the brevity of the problem, it is him.  I would not take lightly his comments.  Timing is always difficult in the “macro” arena, but the numbers tell the story.

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