World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. http://bit.ly/2zh9oF7
— Peter Schiff (@PeterSchiff) December 22, 2017
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- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
- Given how large past #Republican deficits have been relative to the initial rosy projections when the goal was to balance in 10 years, imagine how much further off the mark #Trump's deficits will be when even the pretense of eventual balance has been dropped!
- The higher Dec. trade deficit likely mean last quarter's low #GDP number will be revised even lower. It also likely means that GDP growth for all of 2017 may be less than the average annual growth rate experienced during Obama's 2nd term. But hope springs eternal for 2018.
- June factory orders rose 1.8%, but fell year-over-year for the 8th consecutive month, the longest losing streak ever outside of a recession!
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- High Black unemployment results more from bad legislation coming from Congress and the White House, than bad monetary policy from the #Fed!
- Al Gore still has not accepted the results of the 2000 election and the media has never had a problem with that!
- Ron Paul's Economic Myth Busters: Inflation & Capital Creation @SchiffGold http://bit.ly/1NosMPY
- China's Economic Troubles Start to Spread