Economic Data Confirms Entrenched Inflation - Ep 893
The Peter Schiff Show Podcast
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The Trade Deficit for March
The trade deficit wasn't much worse than expected, but it's still a huge negative number. Americans are continuing to spend because that's the American spending that is driving those trade deficits. The Fed really was pursuing a monetary policy that was going to be effective at reducing the inflation rate. You would need to see these trade deficits coming way down.
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