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OMFG this is it.

In forty years time little children will ask you how you survived.

.... and just to make matters worse just think how much methane is going to be released into the atmosphere as those stockpiles of beans get consumed.

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I think he must visit here as he seems in agreement with many of us here that IRs now need to be raised, let the economy crash but then it will be swift rather then protracting this out by lowering IRs.

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I think he must visit here as he seems in agreement with many of us here that IRs now need to be raised, let the economy crash but then it will be swift rather then protracting this out by lowering IRs.

:lol: Yes, I'm sure Peter Schiff get all of his economic insight from HPC.

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The Negative Economic Fundamentals

Clobbering the Dollar are Homegrown

Sure, there was some better-than-expected news from Germany and other parts of Europe that greased the skids, but that is an ancillary point. This was no international job. It's the homegrown negative economic fundamentals that are relentlessly pounding the buck. There are three in particular ...

Negative Economic Fundamental #1: U.S. Retail Sales

Retail sales, a gauge of consumer health, were mostly pathetic in February — considerably worse than expectations. That's attributable to the huge hole in consumers' wallets from the additional cost of filling up the SUV at the local gas pump.

Negative Economic Fundamental #2: U.S. Consumer Prices

Consumer prices are rising ... again. Another nasty CPI report that was released yesterday showed exactly that. The price increases from January to February were tame, but the year-over-year numbers are cause for concern. I'm sure frequent trips to the grocery store have made it clear to you that price increases aren't easy to swallow.

Negative Economic Fundamental #3: U.S. Consumer Sentiment

The most recent statistics on consumer sentiment are so depressing that, well, let's not even go there on a perfectly fine weekend. Suffice it to say the numbers are sitting near 16-year lows and reflect a dismal economic outlook. This worsening trend was entirely predictable. After all, it was only a matter of time before a burnt out housing market, rising food and energy prices, and a beleaguered stock market left American consumers in a daze. Since the beginning of the current U.S. economic downturn, the ultimate question has become: Can the U.S. consumer hold up? Unfortunately the evidence is piling up and it's pointing to a big fat "No."

As the U.S. economy falters, the unemployment rolls continue to grow. And fewer jobs only add to consumers' frustration. Remember, last week gave us further insight into the withering state of the job market in America. The ugly numbers marked the second week in a row that U.S. payrolls declined. A resilient labor market kept John Q. Consumer afloat last year, but not anymore.

Weakening U.S. economic fundamentals have clearly bruised and battered the greenback. But it's even more painful when you realize ...

The Federal Reserve Has NO Intention

Of Doing Anything to Help the Dollar

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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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