Christmas Snow Job on Wall Street – Ep. 39

The Peter Schiff ShowChristmas Snow job on Wall Street

  • Dow ended Christmas Eve Day above 18,000 for second day
  • Catalyst was bigger than expected revision to Q3 GDP to 5%
  • Big disconnect between economic performance and expectations
  • Consumer spending up mostly on healthcare
  • Inventory increases in expectation of future sales
  • Data for Q4 is lower
  • Home sales continue to drop