One fact that I did not point out about the drop in consumer spending in April is that drop from March to April was the biggest monthly decline since 2009. That was the depth of the great recession.
Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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- Federal Reserve: Trapping People In Money-Losing I...
- GDP: Biggest Contraction in 58 Years
- Americans May Not Be Able To Afford Higher Gasolin...
- Higher Crude Oil Prices Will Affect The Global Eco...
- Yellen Is Not Worried About Inflation, Yet
- Bitcoin: It`s Not Going To Work
- Digital Currencies, Bitcoin, Twitter & The U.S. Do...
- The British Pound (GBP) Is Breaking Out
- Why Jobs Are Declining In America
- Loading Up On Gold And Silver
- Inflation Is Already Taking Off
- If The Fed Removes All the Monetary Props Beneath ...
- Video: Gold & Housing Market Outlook
- On The Verge Of A Financial Crisis
- Taxing Americans Through Inflation
- A False Belief Is Driving The U.S. Markets
- Oil Prices Are Going Higher
- What`s Driving Oil Prices Higher?
- Markets Are Riding The Wave Of Cheap Money
- Certain Companies Will Benefit From Inflation
- Countries Are Inflating Their GDP`s
- The Cheap Money Is Harming the U.S. Economy
- Minimum Wage Laws: Bad Policy
- The Stock Market Is A Function of QE
- Bitcoin Is A Bubble, Prices Are Going Down
- Video: Hidden Inflation
- Forex Outlook: EURUSD
- Trade Deficit & Q2 GDP Report
- Foreign Stocks, U.S. Stocks & Real Estate Prices
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- Momentum Stocks Will Continue To Trend Lower
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- U.S. Economy: Where Is The Bounce Back?
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