Americans are depleting their #savings, with the savings rate plunging to its lowest level since 2005, and racking up record amounts of credit card debt, to splurge on imports, sending trade deficits soaring. Debt fueled consumption is a sign of economic weakness not strength.
— Peter Schiff (@PeterSchiff) January 29, 2018
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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Dow Jones down 6% from its highs & falling fast. How much more will it fall before the Fed stops pretending the data supports a rate hike?
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Before any more money can be loaned to Puerto Rico, existing debt must be restructured, and largely repudiated.
- Most are no doubt hoping for the end of their terms as central bankers to come as quickly as possible. http://bit.ly/2vr6tsT
- UBS Says It's Time to 'Warm Up' to Gold @SchiffGold http://t.co/ZBtHRx7WS5
- If This Is a Recovery, We Don't Want to See the Next Downturn @SchiffGold http://t.co/p92k7yR23d
- November report "Is the Age of Democracy a passing Phase in the History of the West and the World?" published. http://bit.ly/2y4LJZQ
- Would you let your cat play with a 9 grand on a ball of yarn? http://bit.ly/2ArHoQ7
- Question: If the Fed is about to raise interest rates how will they prevent the stock market from crashing? Answer: By not raising rates!