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#1156 Peter Schiff On The Fed, Interest Rates, Labor Market, Gold, & Bitcoin
The Pomp Podcast
Is This Going to Be a Recession?
This has really been an unprecedented boom created by the Fed, created by artificially low interest rates and quantitative easing. And so this could be one hell of a hangover. Different people are going to be affected differently. The definition of a recession is when your neighbor is out of work and it's a depression when you're out of work. Even if you don't lose your job, it's going to hurt. Most investors are going to lose money.
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