Markets: We Are Clearly In A Recession Now

We are clearly in a recession now, the question is for how long have we been in recession, did it start a few months ago or is it starting this month?

We are back in a recession and its going to be a horrible recession, I think its going to be worse than the Great Recession (2008-2009) so it will be a greater recession. And it is because of everything the Fed did to mitigate the damage back then, they just postponed the pain to a later date, unfortunetely this is the later date and the pain is about to begin.

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