American consumers are already tapped out, they are loaded up with debt, they have part-time, low paying jobs and americans drive a lot. I mean, more than any other people we a re dependent on our cars. We don`t have a really great public transportation system, a lot of americans have to drive a long way to get to their low paying jobs and they may not be able to afford higher gasoline prices.
Related: Valero Energy (VLO), Tesoro Corporation (TSO)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 26, 2014
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June
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- Federal Reserve: Trapping People In Money-Losing I...
- GDP: Biggest Contraction in 58 Years
- Americans May Not Be Able To Afford Higher Gasolin...
- Higher Crude Oil Prices Will Affect The Global Eco...
- Yellen Is Not Worried About Inflation, Yet
- Bitcoin: It`s Not Going To Work
- Digital Currencies, Bitcoin, Twitter & The U.S. Do...
- The British Pound (GBP) Is Breaking Out
- Why Jobs Are Declining In America
- Loading Up On Gold And Silver
- Inflation Is Already Taking Off
- If The Fed Removes All the Monetary Props Beneath ...
- Video: Gold & Housing Market Outlook
- On The Verge Of A Financial Crisis
- Taxing Americans Through Inflation
- A False Belief Is Driving The U.S. Markets
- Oil Prices Are Going Higher
- What`s Driving Oil Prices Higher?
- Markets Are Riding The Wave Of Cheap Money
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- Countries Are Inflating Their GDP`s
- The Cheap Money Is Harming the U.S. Economy
- Minimum Wage Laws: Bad Policy
- The Stock Market Is A Function of QE
- Bitcoin Is A Bubble, Prices Are Going Down
- Video: Hidden Inflation
- Forex Outlook: EURUSD
- Trade Deficit & Q2 GDP Report
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- Stock Market: Hidden Weakness
- Momentum Stocks Will Continue To Trend Lower
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