Peter Schiff: Soaring CPI Shocks Clueless Investors and Economists
CPI numbers shock expectations.Biggest monthly gain in CPI since 1981.Gasoline supply chain disrupted by ransomware hack.Price gouging alleviates shortages.Unemployed workers shouldn't be picky.Disincentivizing people from jobs is not good for the economy.Dogecoin traders buy the rumor and sell the fact on Elon Musk SNL appearance.Accolades have gone to Cathie Woods' head.ARKK will likely make a new 52 week low this year.CNBC continues to ignore emerging markets, value stocks, and gold.The people saying sub-prime was contained in 2008 are the same people saying inflation is transitory now.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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
