If Atlanta Fed's forecast of 1% growth in Q3 proves accurate, it will be an 80% decline from the 5% rate achieved during Q3 of last year.

If Atlanta Fed's forecast of 1% growth in Q3 proves accurate, it will be an 80% decline from the 5% rate achieved during Q3 of last year.

— Peter Schiff (@PeterSchiff) August 6, 2015