Wells Fargo is shutting down all existing personal lines of credit in the coming weeks, and will no longer offer the product to customers. David Morgan of the Morgan Report speaks to our Daniela Cambone about the greater implications of the move.

"It is signaling that the U.S. economy is on the edge and that perhaps deflationary times await," Morgan said. In the interview, Morgan also talks silver and gold prices and what we can expect in August.

#economy #credit #gold #silver

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