Savings Declining, Credit is Up, Medium-Term Trouble for Equities
b'March PPI numbers came in higher than estimated. We have switched from goods inflation to services inflation, which is the majority of the economy, explains Bob Iaccino, Chief Strategist, Path Trading Partners. He thinks retail sales will be strong. He points out the consumer savings rate is starting to decline and is at 2014 levels, and consumer credit is starting to rise. Bob gives his thoughts on the U.S. Dollar, inflation, and treasury rates.'