Peter Schiff: Fed's real inflation weapon will crash markets; Fake CPI is only getting higher
Kitco News, Released on 3/22/21
The Fed is fighting the "inflation fire" with a "squirt gun" of a 25 basis-point hike, which is not enough, according to Peter Schiff, Chief Economist and Global Strategist of Euro Pacific Capital.
0:00 - Government is under-reporting CPI7:09 - Quantitative easing and inflation10:00 - Are markets pricing in inflation?13:30 - How can the Fed fight inflation?21:40 - Inflation forecast23:35 - Inflation hedge27:00 - Investment implications29:10 - Outcome of war in Ukraine
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
Peter Schiff: Fed's real inflation weapon will crash markets; Fake CPI is only getting higher added by Herman James on 03/21/2022View all posts by Herman James ?+'