Fighting Inflation Will Cause A Severe Recession

"While fighting inflation will cause a severe recession and high unemployment, those conditions alone won't reduce inflation. They'll actually make it worse. To reduce inflation we need positive real interest rates, very aggressive QT, and massive cuts in government spending."

-- Peter Schiff

The U.S. Economy Has Been In Recession All Year

"The U.S. economy has been in recession all year. With yesterday's rate hike, more layoffs, and inflation continuing to erode purchasing power, the recession will deepen in the third quarter (Q3). In fact, Q2 GDP will likely be revised even lower."

-- Peter Schiff, economist

We Have Very High Valuations And Staggering Debt

It’s been 13 years since we’ve had big problems and that’s the longest in American history. It’s already overdue on a historic basis and it’s very expensive. It always goes down a lot when it goes down. We have very high valuations and staggering debt.

Going Against Your Trading Plan

"After a string of losses, desperate traders will often go against their plan, just to get even. Bad strategy."

-- Yvan Byeajee, trading expert

How Strong Stocks Behave

"During the late stages of a bear market (when news is terrible and most are bearish) money starts to rotate, and even though many stocks continue to experience volatility and the indexes may even go lower, the leaders hold up relatively well and emerge undetected by the masses."

-- Mark Minervini, momentum stocks trader

Crude Oil: Price Is Now Below Invasion

"Crude Oil is now below the level it was at the day before Russia invaded Ukraine, down over 30% from its high in March. Markets are increasingly pricing in a global recession and a slowdown in demand (similar to what we saw in the back half of 2008)."

-- Charlie Bilello, Founder and CEO of Compound Capital Advisors

On The Verge Of A 2008-Style Financial Crisis?

"How is everyone so sure that we're not on the verge of a 2008 style financial crisis? Remember despite ample evidence, the experts didn't expect the 2008 financial crisis either. Plus, the economy is far more leveraged now than it was then, and there's a lot more debt to default."

-- Peter Schiff