Peter Schiff – X, Released on 4/7/25

The stock market hasn't come close to pricing in the recession that awaits if tariffs stay in place. Even with the drop the market is still expensive assuming recession is avoided. Since this would be the worst recession since the Great Depression, even a 50% drop isn't enough.

— Peter Schiff (@PeterSchiff) April 7, 2025

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter is the CEO and Chief Economist of Euro Pacific Asset Management and Chairman of Schiff Gold. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.