We went down again to 6.70 for the Philly Fed Index, we are just off a 15-month low in that index and we have now missed expectations five out of the last 6 months that number has come in below estimates.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 26, 2015
This Is Stagflation
The fact that inflation is heating up just as the economy is cooling down should not be a positive sign. I mean, this is stagflation. Why would they be happy about that? Because all the economic data has been soft and now we have higher inflation.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Subscribe to:
Posts (Atom)