According to Gallup, the year-over-year drop in July consumer spending is the largest July decline since 2008!
— Peter Schiff (@PeterSchiff) August 4, 2015
Hot And Trending...
Trending
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- September report “Did an entire generation of Millennials come of age, and never saw American prosperity?" published. http://bit.ly/2y4LJZQ
- Banks played a major role in the Great Depression, Scott Sumner
- The economy was too weak to raise rates last year, but most believe its strong enough this year. GDP 1.9% 1st half 2014, just 1.45% 2015.
- To Puerto Ricans wanting #StatehoodPR : If you think the Zika virus is bad, wait until you feel the sting of an infestation of IRS agents!
- I, Whiskey: The Spirit of the Market (IndieGogo Campaign) | by Competitive Enterprise Institute and Passing Lane Films
- Analysts say the lower credit rating could cost the state “tens of millions” of dollars. http://bit.ly/2tbbDdx
- High Black unemployment results more from bad legislation coming from Congress and the White House, than bad monetary policy from the #Fed!
- It’s Time to Give a Little Thought to Silver https://t.co/6dgAkpzwVk @SchiffGold
- The proposed hallmarking system will increase transparency, foster confidence, and likely help support demand. http://bit.ly/2tFtBC2