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Schiff on CapitalCosm: Trump’s Economy is a Fantasy - SchiffGold.com

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DW NOTE

Schiff's been saying the same thing since 2009, but this time the numbers are doing the work for him: core CPI at 2.6% against a 2.5% forecast, PPI at 5.44%, and the Fed pricing in coin-flip odds of another hike while oil sits at $98 on a 230-day blockade. A stopped clock tells time twice a day; occasionally it also tells it for seven months straight.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Schiff on CapitalCosm: Trump’s Economy is a Fantasy - SchiffGold.com

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