Peter Schiff on Seeking Alpha’ claims the US is already in recession, pointing out that government data shows growth at 1.3% while inflation is running at 1.6% and suggests inflation figures are actually being under reported.

He also notes that the whilst the DJIA is higher it’s lost 80% of its value relative to Gold, and sees the metal as the true measure of currency for the world. Stocks are not going higher, the dollar’s simply getting weaker he also points out..