Schiff w/ Nawfal: Oil is Breaking the Economy - SchiffGold.com
Schiff w/ Nawfal: Oil is Breaking the Economy - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Schiff has been calling oil the economy's breaking point since crude traded at $70. Now it's at $100 with the Strait of Hormuz closed for eight months and supply down 6% globally — and gold has fallen 23% from its January high while Treasury yields sit at 5%. If oil were breaking the economy, flight-to-safety assets wouldn't be in retreat.