The US Economy Gets Weaker as Inflation Gets Stronger – Ep 817
The Peter Schiff Show Podcast
00:00
Is the Trade Deficit Coming Down?
The april trade deficit in goods and services actually came below estimates, which is good news. It indicates how completely balanced the us economy is thanks to years of artificially low interust rates. Consumers might be spending more money, but they're buying a lot less stuff because they're spending more money on more expensive food, energy and rent among other things. As that discretionary spending dries up, a lot of the jobs are going to dry up along with it.
Transcript
Play full episode
