GDP & Stocks Down + Inflation Up = Recession – Ep 805
The Peter Schiff Show Podcast
00:00
Consumers Spending Is Up One Point One %, but Prices Are Up Point Two.
The government wants bigger numbers so it can collect more taxes. But bigger numbers don't matter to individuals. What matters is real purchasing power, real wages. And right now, real wages are collapsing. The savings rate is almost at a nine year low and before this year is over, the savings rate is going to hit an all time record low.
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