How close are we to a recession?

FED spokesman Janet Yellen says that the FED will make a decision on a rate hike based on data. So, what do the data indicate?

 

I have already showed you the employment picture that looks...well...anemic. Now I am going to show you a graphic that shows shipping data. Manufacturers and people who sell things have to ship goods. So, the shipping data reflects the economic pulse of the Nation.

 

Here it is:

 

 

The shipping data indicate that we are half way into a recession. Yeah, the FED can raise rates but it is doubtful that they will do it.

 

A tidbit about gold price and the deliberations of the FED. Usually, gold price drifts down before the decision then rises after rates are raised.