Guest Post by Peter Schiff from this blog SchiffGold.com: The August Trade Deficit fell for a fifth straight month to -$67.4B. The Deficit is now
The mainstream seems to have conceded that the economy is heading toward a recession. But most people aren’t too worried. They seem to think the
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and
During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come?
Look to your own churning gut as one of the passengers on this rocking and rolling ship to see if you don’t have that sinking
Wall Street still hopes the Fed put is nigh. But Chair Powell finally understands record-high inflation must be broken. Therefore, the Fed has been forced
A few short weeks ago, the economy seemed to be growing, the trade war looked winnable and the Mueller Report appeared to take presidential impeachment
The past decade’s historically low interest rates convinced millions of Americans to buy cars they could only afford with hyper-cheap credit. This made auto sales
For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking
It’s just about official: With corporate sales and profits shrinking and consumer spending flatlining, the US economy will grow hardly at all this year while
Talk about diminished expectations. This morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which is odd, considering that for
A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn’t be trusted. He noted that it takes the
If 2015 was the year in which no investment strategy worked, 2016 is looking like the year in which all economic policies fail. Already, at
One of the questions on analysts’ minds lately is whether stock prices can keep moving up when corporate sales and profits are falling. But the
The big retail chains are generally seen as pretty good barometers of the health of “the consumer.” And since — in today’s late-cycle debt-binge pseudo-capitalism
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