Risk of Market Crash Keeps Rising – Ep 800
The Peter Schiff Show Podcast
00:00
On Line Sales Collapsed in March
One of the reasons the fed thinks that we still have a strong economy is because we're not measuring the economy properly. So the fet is confusing inflation with economic growth. And another way that inflation impacts the statistics to make them look better is with retail sales. Retail sales came out for the month of march up point five %. But if you strip out vehicles and gasoline, retail sales were only up point two but how much were prices up a lot more than that. Americans are spending more money when they buy stuff retail, but they're not buying more stuff. They're buying less, and they're paying more. That's why you saw this big drop in non retail spending, which is
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