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Renowned market analyst Peter Schiff said in his recent podcast that Americans just don’t want the truth. Schiff says that it is very likely that we are already in a recession and no one wants to accept that or even deal with it.
“Nobody wants to deal with the truth; because you know how grim the reality is? Because if you have to accept the fact that this economy is going into recession, then you have to accept a lot of unpleasant things that nobody wants to admit,” Schiff was quoted during his podcast, according to Schiff Gold.
Market - Years - Fed - Rates - Economy
“The market is saying it thinks sometime two or three years from now, the Fed is going to be cutting rates because the economy is going to be in a recession,” said Schiff. “And so people think yields will be lower three years from now then they are today because they think the economy will be into a recession at some point in the future.”
Schiff added that there is a good possibility that we are actually in a recession right now.
“In fact, we...
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