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Noted Economist Says U.S. Faces Depression, Not a Recession
“I think the economic weakness [of the United States] is going to be so pronounced over such a long period of time that it would not even do it justice to call it a recession. I think depression is going to be a more accurate description of what we’re going to go through. Prices are going to rise much more in this decade than they did in the 1970s.”
Well respected as a sound analyst of economic matters, Euro Pacific Capital CEO Peter Schiff expects a bleak future for America if the Biden administration continues to spend the country toward bankruptcy.
Columnist Says to Expect the Opposite of What Biden Predicts
“It would also help Democrats if someone cured Biden of his habit of saying things that quickly prove totally wrong. The other day he said there wasn’t going to be a recession. Before that, inflation was temporary. Last summer, it was that the Taliban wasn’t going to overrun Kabul. You can almost know what’s coming by expecting the opposite of whatever he predicts. That’s why I’m confident he won’t run for a second term. He keeps insisting that he will.”
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