Peter Schiff: The “Unsinkable” American Consumer Is Drowning In Debt | ZeroHedge


THURSDAY, OCT 19, 2023 – 02:50 PM


Every time retail sales come in higher than expected, the mainstream media breathlessly reports this as proof that the American consumer is strong and resilient. In his podcast, Peter Schiff explained that these retail sales numbers aren’t a sign of a strong economy. They just reflect Americans paying more for less. And what’s worse, they’re burying themselves in debt to do it.

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