Jan. #import prices surged 1%. #Export prices jumped .8%. Not only do import prices rising faster than export prices portend a widening trade deficit, but the 3.6% YOY increase coming at a time when growth is stalling evidences the return of stagflation.

Jan. #import prices surged 1%. #Export prices jumped .8%. Not only do import prices rising faster than export prices portend a widening trade deficit, but the 3.6% YOY increase coming at a time when growth is stalling evidences the return of stagflation.

— Peter Schiff (@PeterSchiff) February 16, 2018