Obviously this economy is already back in recession and if its not in a recession its in the cusp of one.
You look at the data that came out, you got Industrial Production unless that came out, they were looking for a bounce, instead we got another true decline, they revised February down, we had big inventories build again this week, retail sales disappointed.
I think its clear that that we could be in a negative GDP quarter now and I think if the first quarter is bad the second quarter is going to be worse because the last couple of years we had a rebound in the second quarter because of very cold winters. Well, this winter was the warmest in 120 years, so there is nothing to rebound from. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2017 (145)
- The Bond Market Is Smelling Inflation
- Gold & Silver: Poised For Another Big Move Up
- Crude Oil & Stock Market: Decoupling
- The Stock Market Is Going Down In Real Terms
- The Stock Market Is Not Going Up As Fast As Gold
- America: A Coming Bankruptcy
- Gold Stocks Are Rallying But The Major Firms Are N...
- The Worst Case For Gold Is Still Bullish
- Another Bullish Factor For Gold & Silver
- Gold, Mining Stocks Ready For Another Leg Higher
- Silver & Gold: I Still Like Both Metals
- Recent Economic Data Points To A Recession
- Silver Typically Does Even Better Than Gold In Bul...
- The Stock Market Is Caught Between Opposing Forces...
- The Stock Market Is Still In Denial
- Oil Prices Going Up Is Bad For U.S. Stocks And For...
- The U.S. Economic Weakness That Nobody Wants To Ac...
- Gold Stocks: A Big Rally Again
- Stock Market: The Rally is Over
- This Economy Would Have To Improve Dramatically To...
- U.S. Recession: Trump Predicts A Very Massive Rece...
- Gold Miners, Commodity Stocks: The Beginning Of A ...
- The U.S. Dollar Bubble Has Burst
- International Investing Doing Very Well
- Gold: Best Quarter In Over 30 Year!
- The Pain Trade
- Markets: Not Investing In U.S. Stocks
- ▼ April (27)
- ► 2015 (344)
- ► 2014 (429)