People still don't get it. The only reason the economy "recovered" is that a rising dollar kept interest rates low and consumer prices in check, allowing America to go deeper into debt and consumers to keep spending. As the dollar sinks the economy will go down with it.
— Peter Schiff (@PeterSchiff) January 25, 2018
Actually just read the dollar is off to its worst start of a year since 1987. We all know what happened later that year.
The scariest chart for the U.S. Economy… UST10Y pic.twitter.com/ktUiiXrs9R
— Alastair Williamson (@StockBoardAsset) January 25, 2018
Trump supporters who are blinded by euphoria and hope, don't want you to see this chart pic.twitter.com/Fd9fTSYAJH
— Alastair Williamson (@StockBoardAsset) January 25, 2018
Delinquency rate credit cards, banks not among top 100 pic.twitter.com/4YMvnzrTrk
— Teddy Vallee (@TeddyVallee) January 21, 2018
The Death of Retail: Toys R Us to close 180 stores across the US
AC
Mr. Schiff wrote, “The only reason the economy “recovered” is that a rising dollar kept interest rates low and consumer prices in check.”
Huh? Apparently the author hasn’t visited the grocery store or a retail automotive dealership to shop for basic necessities. Prices are rising and packages of foods are shrinking in size. That’s back door inflation, Mr. Schiff.
Yes but it has been suppressed —- just wait …………
ONCE SCORES OF NATIONS GANG UP ON THE PETRODOLLAR & IT GOES DOWN,
THEN WE’RE IN THE TANK. THE U.S. BETTER FIND MORE FRIENDS THAN ISRAEL !
A rising dollar means confidence in the economy.
I would think the major reason the economy has improved under Trump Trump’s rl back of restrictive Obama EO’s. Just think what we would have if the congress worked with Trump!