Money & Markets - Peter Schiff: We are Borrowing Ourselves Into Poverty

Article by JT Crowe in Money & Markets

Noted economist Peter Schiff said on his latest podcast that despite the recent stock market rally, the U.S. is borrowing itself broke and a recession is all but guaranteed because of the ballooning national debt.

Schiff said while the U.S. GDP, which was 2.6 percent during the October-December quarter, is still fairly good, it’s all built upon debt — and it’s all going to come crashing down.

To read this article in Money & Markets, click here.