In the Eye of the Inflation Hurricane – Ep 855
The Peter Schiff Show Podcast
00:00
What's Going on in the US Economy?
The weaker dollar is going to drive up both fuel costs and other shipping rates. The only reason that we got positive GDP in Q3 was because the trade deficit was a lot smaller than it otherwise would have been. Once the dollar really starts to fall, that process gets reversed when it comes to cheaper imports. But it's also going to exert more downward pressure on the economy because of the upward pressure on consumer prices.
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