The Philadelphia Feds manufacturers report for September revealed that despite a sharp slowdown, its prices paid index surged 257 points.
"Peter David Schiff" is an American entrepreneur, author and financial Pundit (expert)/commentator. Schiff is CEO and chief strategy officer/chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut, as well as founder and Chairman of SchiffGold, a Gold as an investment/precious metals dealer based in Manhattan.
Schiff has appeared as a guest on financial television shows and been quoted in major print publications. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and internet radio and was formerly host of an internet podcast called Wall Street Unspun now archived as podcasts. Schiff acquired significant internet fame for correctly predicting in 2005-2007 the coming collapse in U.S. housing prices and the ensuing Financial crisis of 2007–08/global financial crisis. In 2010, Schiff ran in the Republican Party (US)/Republican primary for the United States Senate seat in United States Senate election in Connecticut, 2010/Connecticut, but lost to Linda McMahon.
Schiff is known for his Bear market/bearish views on the US economy and US dollar, and his Bull market/bullish views on commodities, foreign stocks and foreign currencies. Schiff voices strong support for the Austrian School of economic thought.
More Peter Schiff on Wikipedia.It's up to the legislature to determine whether marriage should be extended to same-sex marriage.
There is nothing the Fed can do to combat inflation unless they hike rates aggressively.
Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper .
[Perhaps this] borrowing to create cash flow ... The personal 'savings' rate has fallen to a new all time record low of minus 6%. Rather than curtailing consumption, Americans have merely responded to higher gas prices by borrowing more money. Therefore, the immediate damage isn't reduced consumption by increased debt. As a result, the actual damage is only being post.
What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date.
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