Are Forex Markets Finally Acknowledging the 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

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.

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