Excluding oil the Dec. trade deficit hit all-time record high. The Widening trade deficit will take down U.S. GDP, the dollar, the bond market, and ultimately the U.S. stock market, just like it did in 1987.

Excluding oil the Dec. trade deficit hit all-time record high. The Widening trade deficit will take down U.S. GDP, the dollar, the bond market, and ultimately the U.S. stock market, just like it did in 1987.

— Peter Schiff (@PeterSchiff) January 26, 2018