Stocks sold off in reaction to #Powell's comment that he is more bullish on the U.S. economy than he was prior to the tax cuts being enacted. What else would markets expect him to say? Powell's bullish comments will continue until a recession is officially declared.
— Peter Schiff (@PeterSchiff) February 27, 2018
Hot And Trending...
Trending
- It's a myth is that breaking a shopkeeper’s window will ultimately boost the economy. http://bit.ly/2x6ibKK
- #Macy's stock price is down over 40% in the past 3 months on weaker sales. This supports my forecast for a weak holiday shopping season.
- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- If #Trump really wants to reduce America's trade deficit he needs to slash regulations and massively reduce government spending, including entitlements. That will free up resources to investment in plant, equipment and worker training that will improve our global competitiveness.
- Had the same 2% inflation assumption used to calculate Q1 #GDP been applied to Q2, the reported growth rate would have been just 1.6%!
- 2008 Was Just a Tremor; The Real Economic Earthquake Is Coming https://t.co/SQo6W8cDxA @SchiffGold
- Production is declining and this is going to put an enormous amount of pressure on prices down the road. http://bit.ly/2ilUyqo
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- SRSrocco sees the potential for a 40-50 million ounce production decline in 2017. http://bit.ly/2z34sZf
- Ep. 282: Hurricanes Rain On Market's Parade: http://bit.ly/2f1E46a via @YouTube