A Worse Financial Crisis than 2008? Peter Schiff forecasts sustained and higher inflation, followed by an implosion of the U.S. dollar kitconews gold silver investing economics finance mining metals
- Despite a month-long streak of rallies for U.S. stocks, a financial crisis worse than 2008 is looming, said Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management.Over the past month, the S&P 500 rose by 9 percent, and the NASDAQ rose by 13 percent.
On the same day as the CPI release, President Joe Biden claimed that there had been a"zero percent" change in month-on-month consumer prices. Core CPI, which excludes food and energy, grew by 5.9% year-on-year, and increased 0.3% month-over-month.
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