In 2024 the US economy will fall into recession and high inflation (CPI then about 3%) will return.
Inaccurate ●●●●●
“The big surprise in 2024 will not only be that the #economy crashes into recession, but that high #inflation returns with a vengeance.”
- Said on
- 27 December 2023 · Post on X (@PeterSchiff), Dec 27, 2023, embedded in Benzinga
- Source
- Peter Schiff Challenges Prevailing Economic Optimism With 2024 Recession Forecast, Says High Inflation To... · Benzinga
- Should come true
- 2024
- How sure they sounded
- will
- Categories
- Economy
- Importance
- 3 of 5 · A US recession with renewed high inflation would affect the whole US economy and Fed policy.
Outcome
Inaccurate
The NBER business-cycle chronology records no US recession in 2024, and inflation did not return with a vengeance: CPI inflation eased to about 2.9% year over year by December 2024.
- https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
- https://www.bls.gov/news.release/archives/cpi_01152025.htm
History
- 2026-10-17 07:50:29 · created by claude
- 2026-10-17 07:50:29 · categorized by claude
- 2026-10-17 07:50:35 · scored by claude