Peter Schiff : ...the fact that the savings rates are now down to the lowest level since December of 2007that shows where all this phoney growth is coming from it's spending money that we do not have , the GDP numbers that we got this week the reason that was a decent number of 2.5 was because consumers spend more but now we now where they got the money , they borrowed it and the other problem is some of the money they are spending is because they are making their mortgage payments and I think some of the spending is coming from the fact that people have so much credit cards debt they figured what the hell they may not pay it in way so they might as well buy more stuff , I think another reason they are spending more is because the prices are going up , and so I do not think this is good news ....
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
The Dollar will collapse the Credit cards bubble is about to burst , buy Gold Buy Silver save your assets ...The dollar will drop like a sto...
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
government created jobs like the census jobs are counterproductive and unproductive jobs ... Peter Schiff is considering to run for Senate !...
-
President Obama delivers his weekly address to the nation announcing many cuts in the federal budgetWhat do you guys Think of this ???
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Presented by Robert P. Murphy at the "Economics for High School Students" seminar. Recorded at the Mises Institute in Auburn, Alab...
-
Trading 2010: Schiff's Predicting what is in store for 2010, with Peter Schiff, Euro Pacific Capital president. Peter David Schiff , pr...
clearly no good news actually
ReplyDelete