Peter Schiff: “We’re in the Early Stages of a Depression”

Posted on August 16, 2010

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In August 2006, Peter Schiff, president of Euro Pacific Capital, offered what many considered to be an outlier prognosis for the economy: The exuberance would end, real estate prices would crash back down to earth, and consumers would revert to saving from spending. In short, a deep recession was in the works.

via Peter Schiff: “We’re in the Early Stages of a Depression”

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Posted in: Economy