It Was the “Strong” Economy That Was Transitory – Ep 812
The Peter Schiff Show Podcast
00:00
The Consumer Is So Strong, Why Is the Economy So Strong?
The entire retail sector is having problems. Just look at gap, for example. Gap shares are down 68 % from their peak. Sare major declines. And here's the more significant point. You've got jerome pal and a lot of other people talking about how strong this economy is. One of the reasons they claim it's so strong is because the consumer is so strong. The only evidence that we have that the economy is strong is that we still have a low unemployment rate," he said.
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