Categories Burlington Iowa News Political West Burlington ‘It’s Gonna Be a Bloodbath’: Expert Reveals the Economic Defects Under the Government’s Numbers Post author By Falcon Post date December 29, 2014 “Overall the economy is quite weak,” Peter Schiff, CEO and chief global strategist at Euro Pacific Capital Inc., “It’s all a bubble masquerading as a recovery.” “The average consumer has way too much debt and household net worth has declined,” Schiff said. “Real wages are lower today than they were five years ago. I think people are overestimating the shape of the consumer and his ability to spend.” ← Obituaries this week → Jarod Fogel Signs with William Penn