Americans are depleting their #savings, with the savings rate plunging to its lowest level since 2005, and racking up record amounts of credit card debt, to splurge on imports, sending trade deficits soaring. Debt fueled consumption is a sign of economic weakness not strength.
— Peter Schiff (@PeterSchiff) January 29, 2018
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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
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- Ep. 322: Economic Alice in Wonderland: http://bit.ly/2necG95 via @YouTube
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- Fed Up Friday – The markets may be betting for a Fed rate hike that will never arrive: https://t.co/jdHrYJEEwK https://t.co/4XtNUhZO7D