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Are Forex Markets Finally Acknowledging the Slowing U.S. Economy?

Author
Peter Schiff
Published
Wed 04 Feb 2015
Episode Link
https://schiffradio.com/forex-markets-finally-acknowledging-slowing-u-s-economy/?utm_source=rss&utm_medium=rss&utm_campaign=forex-markets-finally-acknowledging-slowing-u-s-economy







* Volatile day in the markets

* Largest decline in Personal Spending since September 2009

* Wages and Salaries gain slowest in 7 months

* December ISM Manufacturing Index down to 53.5

* December Employment growth at 7-month low

* 2.6% GDP number will likely be revised downward

* U.S. Factory Orders declined 3.6% in December

* Oil prices triggering momentum against the dollar

* The FOREX markets are beginning to acknowledge U.S. economic weakness

* QE4 will accompany a budget-busting economic stimulus

* S&P was the only agency penalized by the government for rating sub-prime mortgage AAA

* S&P is actually being penalized for downgrading U.S. government debt




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