In another echo of 1987 the Dec. trade deficit surged much more than expected. It rose from 50.4B in Nov. to 53.1B in Dec. verses expectations for 51.9B. This along with soaring budget deficits can't be financed without the Fed.

In another echo of 1987 the Dec. trade deficit surged much more than expected. It rose from 50.4B in Nov. to 53.1B in Dec. verses expectations for 51.9B. This along with soaring budget deficits can't be financed without the Fed.

— Peter Schiff (@PeterSchiff) February 6, 2018