Economic Data Confirms Entrenched Inflation - Ep 893
The Peter Schiff Show Podcast
00:00
The Consumer Credit Numbers
When you see falling productivity, you know that real wages can't go up. In fact, they have to go down in order for people to maintain their jobs. So this is bad news. It didn't get a lot of coverage, but it should happen. Now another data point that came out, which I think was also important, that they kind of mentioned is consumer credit. This is a huge number, big jump in consumer credit.
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