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

High Inflation vs. Financial Crisis

The Federal Reserve can either bring inflation down to 2 percent, cause a financial crisis, bank failures, stock, real estate and bond market crashes, the U.S. government to default on Treasury debt and slash Social Security benefits, while unemployment soars, or it can tolerate high inflation.

-- Peter Schiff

A Recession Is Inevitable

“If you’re still holding out hope that the Federal Reserve will be able to engineer a soft landing in the US economy, abandon it. A recession is inevitable within the next 12 to 18 months.”

-- Former New York Fed President Bill Dudley

Millions, Billions & Institutional Buyers

"I still find the difference between millions and billions to be rather mind-bending. One million seconds is approximately 11 days. One billion seconds is approximately 31.5 YEARS!"

-- Sahil Bloom

"Keep in mind that if the institutional investment community doesn't see what you see, your stock could sit dormant for an extended period of time. Why sit and wait when you can put your money elsewhere?"

-- Mark Minervini, momentum stocks trader

Bitcoin: Nothing drops in a straight line

"Don't get excited about Bitcoin being back above $20,000. 20,000 is the new 30,000. This is just another bull trap. Nothing drops in a straight line. In fact, this slow motion crash has been extremely orderly. No sign yet of any capitulation that typically forms a bear market bottom."

-- Peter Schiff