Presidential hopeful Donald Trump predicted the U.S. economy was on the verge of a very massive recession. Trump cited high unemployment and an overvalued stock market as two main factors that will lead the U.S. into a recession. While his recessionary forecast took mainstream economists off-guard, I doubt…
Peter Schiff, the top Libertarian economic forecaster, believes the U.S. economy is on the verge of economic collapse. In response to the coming recession, Schiff told RT on Friday that he expects layoffs will start sometime this year. (Source: “Fed Hoping to Will Recession Away With False Optimism,”…
It looks like the U.S. economy is already in a recession, according to these indicators. The Institute of Supply Management’s Manufacturing Purchasing Managers’ Index (PMI) has been below 50 since October of 2015. Any reading on the PMI below 50 suggests a contraction in the manufacturing sector of…
Global Economy on Verge of Recession: Analyst Global financial markets are caught in a slippery death spiral. They will cause a global recession that will spare nobody, say Citigroup analysts. (Source: “Citi: World economy trapped in ‘death spiral’,” CNBC, February 5, 2016.) Citigroup’s Jonathan Stubbs says four trends…