Oct 15, 2014

U.S. Economy: We Will Be In Recession By Early 2015

The U.S. is n to going to be ending QE (quantitative easing) or raising rates. In fact, I think we are going to be doing more QE than Europe and Japan.

The best growth for the U.S. Economy happened in the second quarter, it is downhill from there. All the data and all the common sense points to the fact that we are headed back to recession. We should be in recession be early 2015.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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