A Recession Projection That Might Make You Weep

Trader
Photo: Spencer Platt/Getty Images
William D. Cohan
May 15, 2022

Peter Schiff, now 59, has been around Wall Street for a long time. After a stint as a broker at Shearson Lehman Brothers, a predecessor of the now-defunct bank that bore part of its name, he and a partner bought an inactive brokerage firm based in Westport, in the mid-90s, and renamed it Euro Pacific Capital. He later sold the company, which was renamed Alliance Global Partners, and took a role there as chief economist and global strategist. He is also a master of our new multimedia world: he blogs, he writes books, he has a podcast, a YouTube channel, a radio show, and he’s an effective tweeter with nearly 705,000 followers. (Peter, please tweet this out there.)