Consumer prices rose much more than expected, while retail sales fell when they were expected to rise. Consumers are buying less, but paying more. It's stagflation all the way. This is the worst possible macro economic environment for U.S. financial assets.

Consumer prices rose much more than expected, while retail sales fell when they were expected to rise. Consumers are buying less, but paying more. It's stagflation all the way. This is the worst possible macro economic environment for U.S. financial assets.

— Peter Schiff (@PeterSchiff) February 14, 2018