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.

This Is Clearly The Type Of Action That You Get In A Bear Market

This is clearly the type of action that you get in a bear market. I think we are in a bear market and many stocks have been in a bear market for a long time but it was being masked by some of these big profile names that were doing so well that were masking the problems beneath the surface. Now that those stocks have joined the party they are no longer obscuring what is going on.

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