US Headed To Recession In 2015

ADS Securities Chief Market Strategist Nour Eldeen Al-Hammoury explained to Bloomberg why he’s betting on the United States sliding back into recession in 2015. Just like Peter Schiff, he finds the GDP, factory orders, trade deficit, and other economic data points to be much more indicative of the true health of the economy than the bogus jobs numbers.

Since the end of QE, until today, most of the numbers – more than 70% of the numbers – came in far away from the expectations. If you go back to the history, every single QE, when the QE stops, the economy slides back into a recession…”

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Al-Hammoury urged investors to rethink their US investment strategy. Like Alan Greenspan, he believes the US cannot exit the zero-percent interest rate environment without falling into a recession or depression worse than 2007 and 2008. In fact, he suspects that not only will the Fed not raise rates in 2015, but they are likely to begin another round of quantitative easing near the end of the year.

Here are some highlights from his Bloomberg interview:

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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