by Steven St. Angelo, SRS Rocco:
After watching the schizophrenic market reaction to St. Louis Fed Bullard’s remarks, I am amazed that the world doesn’t think we have gone completely insane. I don’t know how long this sort of Fed induced lunacy can continue, but real signs are pointing to an economy that is still stagnating even with the trillions of dollars of money printing.
In a previous article, I posted the first 4 months of energy consumption in the industrial & transportation sectors for the past three years:
According to the EIA – U.S. Energy Information Agency, industrial & transportation energy consumption in the first four months of 2012 declined compared to 2011, but picked up a little in 2013. Well, it looks like they made a few revisions and it now seems as if energy consumption in these two sectors actually declined in the first five months of 2013:
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