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#971 Peter Schiff On Why We Are Officially In A Recession

The Pomp Podcast

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Is There a Global Recession?

If the recessionary period is a followed by inflation, which is how governments tried to stimulate economies in recession, they run deficits and their central banks print money. So you need real things, like i said, commodities, precious metals,. A companies that own real assets that can raise their prices without destroying their market. The same things that i i've been describing. But i don't think it's going to be a global recession. I mean, i think there will be economies in recession... but i think emerging markets could actually enjoy a boon as developed markets are enjoying a bust. You know, they have a lot more productivity. They don't have the older populations dependent on governmenta money

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