Peter Schiff: What Wall Street Gets WRONG about the Fed, Inflation, & The Outlook for Stocks
Feb 15, 2024 ·
20m 47s
Peter Schiff is chief global strategist at Euro Pacific Asset Management and host of The Peter Schiff Show Podcast https://studio.youtube.com/channel/UCIjuLiLHdFxYtFmWlbTGQRQ. In this hard-hitting interview, he warns that investors are being...
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Peter Schiff is chief global strategist at Euro Pacific Asset Management and host of The Peter Schiff Show Podcast @peterschiff . In this hard-hitting interview, he warns that investors are being far too complacent about the outlook for Federal Reserve policy, inflation, and the stock market. Rather than buy into the narrative that the “inflation genie is back in the bottle” and that the Fed has engineered a “soft landing” for the economy, he says we’re due for an “inflationary depression.” That scenario involves inflation going back up to – and through – the 9.1% peak we set in June 2022...the economy shrinking...and the Fed being forced to resort to quantitative easing (QE) again, effectively “monetizing the debt” of the U.S. government. In his words: “If you think inflation is bad now or was bad over the last couple of years, you ain’t seen nothing yet.”
Peter further explains why that would be bad for the U.S. dollar, but good for gold and commodity-related equities. He also sees foreign stocks outperforming domestic ones, and widely held growth and tech stocks being “in for a lot of trouble.” Finally, he gives a sneak peek at what he’ll discuss at the Investment Masters Symposium Miami, set for April 10-12 at the Hyatt Regency Miami.
Click here to register: https://www.miamisymposium.com/?scode=061246
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Peter further explains why that would be bad for the U.S. dollar, but good for gold and commodity-related equities. He also sees foreign stocks outperforming domestic ones, and widely held growth and tech stocks being “in for a lot of trouble.” Finally, he gives a sneak peek at what he’ll discuss at the Investment Masters Symposium Miami, set for April 10-12 at the Hyatt Regency Miami.
Click here to register: https://www.miamisymposium.com/?scode=061246
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