“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on Larry Kudlow

“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on the US’ new chief economic advisor (Weekly Wrap-up, March 16, 2018)

By Craig Hemke, Sprott Money News

 

It’s a lively discussion this Friday, as yet another chaotic week wraps up. Eric Sprott has plenty to say on President Trump’s new chief economic advisor, the ineffectiveness of the tax cuts, and what all this chaos means for gold.

“We had this tax cut and we thought two things would happen: People would spend more money (NOT!) and companies would spend more money (NOT!). We had all this theory that everyone’s going to have more money to spend, and nothing happens! … It boils down to the basic facts that you and I have discussed: The average guy is experiencing sharp inflation and no wage increase. … We keep forgetting about the changes in health care premiums—which, of course, are consuming huge amounts of everyone’s income. And even real estate taxes, and insurance bills and, oh my God, the things that are going up all the time! The amount of money we have to spend on phones that we never spent on phones 15 years ago. Incredible expenses for families. They’re having a tough time… I’m not surprised we don’t have liftoff.”

 

To hear Eric’s full thoughts on these topics and more, listen here: https://www.sprottmoney.com/Blog/makes-me-sick-im-hoping-he-has-to-eat-…

 

“Makes me sick… I’m hoping he has to eat the words.” — Eric Sprott on the US’ new chief economic advisor (Weekly Wrap-up, March 16, 2018)

By Craig Hemke, Sprott Money News

 

 

Check out these other articles by our contributors:

The Race to Repatriate Gold Reserves Accelerates - Nathan McDonald (15/03/2018)
Are You Ready For The Next Rally In Silver? - Craig Hemeke (13/03/2018)
Super-Duper-Irrational Exuberance - Keith Weiner (13/03/2018)
Mr. President, If We Don’t Have Gold, We Don’t Have a Country - Stewart Dougherty (08/03/2018)