The Recession Is Already Here

Author: Pete Jackson | Category: News

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..

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