Biden Returns to the White House After Bizarre Absence
BREAKING: Secret Service Director Resigns
Is This Why Biden Was Slurring His Words During Call With Kamala's Campaign...
We Know When Bob Menendez Is Leaving the Senate
CNN's Jim Acosta Did Not Just Say That Regarding Trump's Remarks About the...
Netanyahu to Meet With Trump at Mar-a-Lago
Joe Biden Resurfaces After Five Days in Hiding
Harris Locks Up Enough Support Among Dem Delegates to Become Party's Nominee
Kamala Harris Boycotting Netanyahu's Speech to Congress
Not All Dems Are Jumping to Endorse Kamala
One City Has Become a 'Non-Sanctuary' for Illegal Aliens
Should Trump Debate Harris?
A Massive Illegal Immigrant Caravan Just Left Southern Mexico for the U.S.
New Climate Change Theory: Excessive Heat Is Making Days Longer
Democrat Governor Reverses Course, Says She Will Not Serve As Harris' VP
OPINION

Double Dip Recession? More Like Depression Says Peter Schiff

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
Peter Schiff, the CEO of Euro Pacific Capital, isn't one of those guests Nesto and I have to badger for opinions. Ask him a question and the long-time bear will tell you exactly what he thinks with vigor, even when he has an aching throat. Schiff thinks the U.S. is headed not just for a recession but rather a full-blown depression. On the upside, he believes the coming economic situation will look familiar.
Advertisement

"The Depression [in the wake of the financial crisis] was temporarily interrupted by a bunch of stimulus which ultimately weakened the economy further," says Schiff. He adds the government's likely knee-jerk response of stimulating is, "probably going to be the fatal dose, the lethal dose" prior to "a complete economic collapse."

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos