Why Lower Gas Prices Are NOT “Bullish Indicators”

by James Rickards
Daily Reckoning

[Ed. Note: Our resident currency maven, Jim Rickards was recently interviewed on RT's Boom and Bust by Erin Ade, to discuss supposed "bullish indicators" in the U.S. economy, the need for another financial crisis in Europe, and why central banks are mostly "impotent." Below is a summarized transcript on some of his main points...]

I don’t think the data is bullish at all.
Lower gas prices put more money in consumers’ pockets.
But there’s an alternative to spending… Which is saving or reducing debt – which is the same thing.
I don’t consider these bullish indicators. They tell me an economy is running out of steam.
Continue Reading at DailyReckoning.com…
Please share this article