Outrageous Positive Spin on Negative GDP – Ep 804
The Peter Schiff Show Podcast
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The Trade Deficit Demonstrates Economic Strength
We have a lousy economy. The trade deficit proves it. If we had a strong economy, we wouldn't have these huge deficits. And look at the stock market. Look at all these stocks that are hitting new loas. This doesn't happen when the economy is good. Normally, when the fed starts hiking rates, the market is near the hies. We're not already in a bar market. But speaking about the markets, how did the markets even react to this terrific news that the us. Economy unexpectedly shrank during the quarter? Well, they rallied. I mean, it wasn't an immediate, huge rally, but in the day we got a big rally. That's
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