April Factory Orders: They fell by more than expected, 0.4 percent, year-over-year (YoY) orders are now down 6.4 percent and this the sixth consecutive month that Factory Orders have been down year-over-year (YoY). That has only happened in America during a recession.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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