Given the uncertainty about the sum of the parts that make up the economy, it has become difficult to predict economic developments. Author of Rich Dad, Poor Dad. Robert Kiyosaki seems to be in the pessimist camp after his most recent statements.

What happened: “Huge crash is coming. Depression possible,” Kiyosaki tweeted late Sunday. His comments come against the background of the setback of the past week after the financial markets have been doing well this year.

See also: The best commodity ETFs

Inflation fears and some mixed earnings reports slowed the year’s market rally for the week ended February 10th. Depression is a more severe form of recession, which in turn is defined as two consecutive quarters of negative GDP growth.

The best-selling author’s comments may be a little far-fetched given the consensus view of near-term economic developments. Despite the multiple overhangs, the US economy is still holding up. The labor market developed particularly briskly. The January non-farm payrolls report showed that the The US economy has created 517,000 jobs and the unemployment rate was 3.4%, a 53-year low.

However, inflation continues to be a setback. As price pressures remain at levels that are far from encouraging, the federal reserve under Jerome Powell unable to take your foot off the pedal. Hence, the prospect of major hikes stares at the economy for a longer period of time.

Most economists are in favor of some sort of recession in the second half of the year as the Fed backs out of accommodative policy. Participants in a recent panel discussion hosted by the University of Chicago’s Booth School of Business suggested that there would be a mild recession towards the end of the year as the Fed has enough tools to prevent the situation from spiraling out of control.

Avoiding Dollars, Throwing Weight Behind 3 Assets: Against this bleak backdrop, Kiyosaki continued to bet on gold, silver and gold Bitcoin BTC/USD.

To justify this, he said, Faith…