Soaring budget & trade deficits, rising interest rates, higher inflation, a falling dollar, protectionist tariffs, looming trade war, and a slowing economy all portend lower corporate earnings and a bear market in stocks. Let's see how much longer Powell can pretend all is well.
— Peter Schiff (@PeterSchiff) March 1, 2018
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- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- How will this great depression be remembered in the future? How wil it be explained in the history books?
- With Dow futures down 300, CNBC is blaming the entire decline on N. Korea testing an H-bomb. That event has nothing to do with today's drop!
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- Gold: You Can’t Hack It, You Can’t Erase It, You Can’t Delete It https://t.co/8Q586e5yRW @SchiffGold
- U.S. political uncertainty has traders turning to precious metals as insurance their wealth survives the election: http://bit.ly/2flvYTl
- Cryptocurrency like Bitcoin is taking the market by storm, but its volatility should raise questions: http://bit.ly/2lInIjn
- The Atlanta Fed just lowered its 4th Qtr GDP forecast to .7%. If the actual print is negative we'll be halfway to an official recession.
- This raises another question. If the Chinese stop buying US Treasuries, will they start selling what they have? http://bit.ly/2qUaGqD
- U.S. homeownership rate just fell to 63.4%, its lowest level since 1967, while median monthly rents rose to $804, an all-time record high.