May 27, 2016

We Are Already In A Recession

I think that we are already in a recession. By the time they go back and revise the numbers that we got for the fourth quarter of last year, early this year, I think the data is going to reflect that we have been in a recession. They never know we are in a recession until you are almost finished with it.

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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