Oct 13, 2020 Guest(s): Peter Schiff Senior Economist, Chief Market Strategist, Euro Pacific Capital
The odds are that former Vice-President Joe Biden will win this year's presidential election, and the results for the economy will be more stimulus, higher taxes, and rising inflation, said Peter Schiff, senior economist and chief market strategist of Euro Pacific Capital. "I think the outcome is going to be a Biden win. I also think that it's more likely than not that the Democrats will take the Senate as well, giving them control of both Houses of Congress and the White House. As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse," Schiff told Kitco News on the sidelines of the New Orleans Investment Conference.