A Truly Independent Fed Would Criticize Bad Fiscal Policy – Ep 822
The Peter Schiff Show Podcast
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Bad Economic News Continues to Defeat the Markets
On Thursday, the final read on consumer sentiment hit an all time record low of 50 point two. This was more bad economic news that the markets didn't even focus od because most investors don't even now enough about economics to understand how bad this news is. But eventually they will focus on it, but only when it becomes a crisis. When the fed becomes dovish, when the fed has to fight recession instead of inflation, and inturust rates are still higher, the current account deficit is going to explode. And so the fet is going to be called on to monetize those budget deficientets.
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