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August 2, 2013

Fundamental Data Is Consistent With A Shrinking Economy

“If you look at the fundamentals, if you look at the contracting labour force, the declining use of energy, the explosion of poverty in America, and income inequality, the record numbers of food stamps and disability, all the part-time jobs that are now replacing the full-time jobs that we’ve lost, all of this is consistent with a shrinking economy. But the government won’t admit it.” - in Canada AM 

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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