The unfortunate reality is that the U.S. economy is much weaker than what is generally perceived. The result is that both consumers and businesses are making bad decisions based on unrealistic expectations that will actually exacerbate the severity of the next recession.

The unfortunate reality is that the U.S. economy is much weaker than what is generally perceived. The result is that both consumers and businesses are making bad decisions based on unrealistic expectations that will actually exacerbate the severity of the next recession.

— Peter Schiff (@PeterSchiff) January 31, 2018