Peter Schiff : this whole idea that the economy is strong because 120 million Americans hit the malls on Friday and went there and bought stuff , first of all remember a lot of these people that are shopping are not making their mortgage payment so it's a lot easier to shop when you are not making your mortgage payment , a lot of these people a so loaded up with credit cards debt so they know they are not going to pay it anyway so they say what the hell why not pile up some more credit card debt they are going to default anyway or may be they are hoping to get a bailout , the strong eco0nomies are the economies that are making all the stuff that the Americans are trampling on each others to get a discount on .....
No comments:
Post a Comment