Early Signs Of A U.S. Recession?

Probably the most bearish of the numbers we got was Factory Orders, which fell for the 6th consecutive months. This is rare. The last two times that we had Factory Orders fall 6 months in a row, the U.S. Economy has already in recession. It happened in 2008 and happened in 2001.

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

The U.S. Economy Has Never Been In Worse Shape

I think the U.S. Economy has never been in worse shape than it is now. I think the situation is far more dire now than it was 15 years ago. And the only thing is, its so bad that we might not have the collapse that we had because the central bank is so afraid of pricking this bubble that it does`t. We don`t raise interest rates like the Federal Reserve is promising. If the Fed did raise interest rates the markets would collapse. But they may so fearful of that, that they are not going to do 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.

The U.S. Economy Is Not Taking Off, It`s About To Crash Land!

The last time we had 2 months in a row where consumer spending went down, that was 6 years ago. 6 years ago! During the Great Recession, that is how long you have to go back, 6 years to find back-to-back monthly drops in consumer spending.

We keep getting economic data that we have not seen in this country since 2008/2009. That ought to clue you into something. That the economy is not about to take-off, its about to crash land!

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