Next recession: Peter Schiff says next one will outdo housing bubble - Business Insider

"The bubble that the Fed inflated this time is far bigger than the housing bubble," he said at

Still, the Federal Reserve was waiting in the wings, waiting to mop up the ensuing economic mess that resulted, in his opinion, of their own doing.But this time it's different — and Schiff is quick to demonstrate his thinking. That's an important distinction. To Schiff, the Fed's policies are neither temporary nor reversible — and over time, he thinks they've proved him right.

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