Peter Schiff does this for a living.. he always says a recession is coming...
Althou i think he is right this time.
"The sky is falling. The sky is falling."
- Chicken Little
Hi jamin!
He's been saying this every month since 2012.
Eventually, he'll be right.
he has been, unfortunately economics has been turned so backwards that it is really impossible to predict anything. Obviously there will be a coming recession, it just comes down to when the feds decide that they want to stop postponing it..
We are still waiting for the economy destroying hyperinflation that he predicted in 2009. Schiff is a hack.
DontFeedTheTroll wrote:
We are still waiting for the economy destroying hyperinflation that he predicted in 2009. Schiff is a hack.
Schiff is a hack, no doubt.
But inflation still could be the straw that causes the next recession. At the moment we are in a low inflation, low growth environment and so the Fed can keep rates low.
What would happen if in 2, 4, or 10 years we havent returned to normal growth and inflation takes off?
Answer: Recession, stock market plunge and unemployment
DontFeedTheTroll wrote:
We are still waiting for the economy destroying hyperinflation that he predicted in 2009. Schiff is a hack.
And lets not forget that since he said that we have had the 4th largest and second longest bull market in history.
Schiff is just one of the many coming economic collapse hucksters. They constantly preach this nonsense in the hope you will invest in their loser stocks and commodities so as to save your hide when the bottom supposedly falls out. It is an old story in the investment swindle game, but then again as they say, "A sucker is born everyday."
Every month wrote:
Eventually, he'll be right.
When his prediction. Comes true within the next few years...it isn't going to be "a twice a day" occurrence like a broken clock being right. It's more like twice in 1000 years that the entire global monetary system collapses. Hope you enjoyed mouthing off while you could
If you say it enough times you'll be right eventually...
In 2013 and 2014 called a recession would hit in 2017. Now I am pushing that back 12-18 months. Recessions need some sort of catalytic event to happen. I don't see one for at least another year.
Cheers.
Schiff isn't a hack. He is a real economist in a field of hacks.
You need to watch George Carlin destroy this pompous fool on Maher's show on Youtube.
There's a difference between destroying someone and disgusting him to the point he walks away in righteous indignation. Agree with his economics or not, Schiff is an otherworldly communicator and you cannot beat him in debate, all you can do is interrupt him until he gives up in disgust.