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Has the economy “never been stronger”? The Answer, in One Chart

“The true state of the economy is measured in tangible things like goods sold and shipped, the price of bank stocks, and the yield on treasury notes, not fairy farts and unicorn whispers.”

-Abraham Lincoln (did not say this)

Rail Freight Volumes– an accurate indicator of goods purchased and shipped for all sales, including online and retail

economic collapse indicators

Deutsche Bank– one of Europe’s largest central banks and a pulse of the Western monetary system

deutsche bank collapse

US Treasury 10-Year Note Yields– when yields are low, it means investors who see no other viable investment are piling into this safe haven financial instrument to avoid risk

10 year treasury note yields all time historic low

The Cass Freight Index measures the economy based on the companies that “represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, OEM, retail and heavy equipment.”

cass freight index tells real story on economy

Too Big to Fail Bank of America is breaking and testing new lows in 2016. With up to 50 Trillion USD in leveraged, unpayable derivatives, B of A like the other major banks right now can barely stay afloat, and less goods purchased by consumers means less financial products sold by banks.

bank of america stock

Ok, so that was technically 5 charts. But you get the picture. Other items to consider but no chart was available for:

Unicorn Whispers– If unicorns were real and one looked like this, then maybe I’d take its magical word on the economy without regard to facts. But only if it had a ninja cat brandishing a golden pistol riding atop its back, through an exploding rainbow.

401(k) and ira to gold

 

(video report: May tax returns showing economic slowdown)

return to the Gold IRA guide

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