Markets Push Back the Powell Pivot – Ep 835
The Peter Schiff Show Podcast
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The Only Thing You Can Afford Is Walmart
Walmart mentioned that their customers are using credit cards over debit cards. This is a bad sign for the economy, because it means people can no longer afford to pay cash. The lay offs now we're seeing in the mortgage lending business indicate an economy weakening if not already in recession. An even bigger problem in the economy has been collapse in worker productivity. And that is also compounding the inflation problem.
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