The Fed Brought a Knife to an Inflation Gun Fight - Ep 873
The Peter Schiff Show Podcast
00:00
The Market Shrugged Off Some of the Economic Data
The market shrugged off the stronger than expected retail sales numbers that came out on Wednesday. It's not because the consumer is in better shape and is out buying more stuff, it's simply because inflation is driving the price of what they're buying to higher levels. We got data from the Federal Reserve that shows that in the fourth quarter of 2022 household debt hit a new all-time record high of $16.9 trillion.
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