No Pivot: Powell Put Expires – Ep 772
The Peter Schiff Show Podcast
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Is There a Problem for the Economy if Stock Prices Go Down?
Powell didn't mention the exploding budget deficets and the potential problem that that imposes. He also didn't talk about the enormity of the debt, the fact that he is now embarking on a tightening campaign. The onlye that they are in good shape is because those acid prices went up. And the minute they go down, they're going to be in horrible shape. It's these artificially low interest rates that are driving these excessive trade deficits.
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