The Atlanta Fed just lowered its estimate for Q1 #GDP to 2.6%. That is better than a 50% reduction from its highly touted 5.4% estimate made just 3 weeks ago! As growth has been stalling, inflation has been heating up. Yet markets remain completely oblivious to #stagflation.
— Peter Schiff (@PeterSchiff) February 27, 2018
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- Loopy Cattelan wanted to make a point about the evils of excess wealth in America. So, he spent $1 million to create some “art.” Doesn’t that make him part of the problem? http://bit.ly/2GjYrY4
- Gold standard and interest rate?
- Experts are dismissing the danger of rising bond yields as they claim rates are going up for the right reasons. But it's far more likely rates are rising for the wrong reasons. But regardless of why rates are rising, the U.S. has so much debt that it can't afford the higher cost.
- This budget deal is a disaster. It ads 400 billion to the debt over the next 2 years. The 80 billion in disaster relief is one time (until the next disaster), but the 160 billion in spending will recur every year. Over 10 years that adds another 1.6 trillion to the national debt.
- U.S. Jan. merchandise trade deficit surged to 74.4B. Dec. deficit was revised up to 72.3B. Both imports and exports fell. The U.S. economy is weakening, and soaring trade deficits reflect an increasingly uncompetitive economy unable to produce the goods Americans consume.
- A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
- Apple and the tech industry’s John Galt moment
- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- Would anyone be interested in an Austrian Slack group?
- @PhilDeCarolis @CNBC This makes as much sense as saying you should not buy any fire insurance as your house in unlikely to burn down.