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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- September report “Did an entire generation of Millennials come of age, and never saw American prosperity?" published. http://bit.ly/2y4LJZQ
- High Black unemployment results more from bad legislation coming from Congress and the White House, than bad monetary policy from the #Fed!
- Banks played a major role in the Great Depression, Scott Sumner
- Coalition commodities editor Neil Hume noted that precious metals “performed significantly better.” http://bit.ly/2vnNZtc
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
- The higher Dec. trade deficit likely mean last quarter's low #GDP number will be revised even lower. It also likely means that GDP growth for all of 2017 may be less than the average annual growth rate experienced during Obama's 2nd term. But hope springs eternal for 2018.
- #JanetYellen denies the Fed is concerned about the stock market, or that it considers the market when deciding on interest rates. Yeah right
- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- Education bubble is the source of low productivity and a major red flag for the US economy: https://t.co/AIESGrqEL6