Wednesday, June 29, 2022

America's Red Hot Economy Has Actually Been In A Recession All Year

The final read on Q1 GDP is now minus 1.6 percent. Since Q2 will likely be negative too, the Federal Reserve and President Biden will soon be forced to admit that America's red hot economy has actually been in a recession all year, which will only get far worse with high inflation and more interest rate hikes.

-- Peter Schiff

Blog Archive