Saturday, December 5, 2020

Tag: Wall of Optimism Cracking? IMF Lowers US Economic Growth Forecast

Wall of Optimism Cracking? IMF Lowers US Economic Growth Forecast

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by Peter Schiff, Schiff Gold:
Over the last several years, mainstream analysts have built a wall of optimism about the US economy. “Everything looks great,” they say. “Look at the jobs numbers!” “Look at the stock market!”

A number of contrarians have said things aren’t so great and a massive crash is on the horizon. The mainstream has pretty much ignored the naysayers. But a recent report by the International Monetary Fund shows some cracks in the wall of mainstream optimism. And in the current political climate, it may not take much to cause the wall to crumble down.