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Peter Schiff Expressed: What will Powell do if unemployment starts rising but inflation keeps rising too? What if it turns out that a few quarter point rate hikes in 2022 aren’t enough to slow inflation? Will the Fed be willing to abruptly raise rates to 5% or higher, even if unemployment is rising?
Community Response: What if, what if, what if gold keeps falling in a high inflation environment. C’mon Peter. That rate hike is coming any day.
You need some macro knowledge here’s a gift and reasons why you’re inflation narrative is wrong.
You come from the future or what? Are you just ignoring all the signs of deflation on purpose?
You do know where the inflation is coming from right?? It’s from China. The deflation for last 40 years was from China. China said that is over since then inflation shot up. Inflation is sticky not transient and Powell even said inflation is here to stay and its only going to get worse.
Oh really? did China say that? then why China cut RRR by 50bps?
It’s well-known deflation comes from IT, Automation and cheap labour from China. All three come from China this isn’t some secret it’s a known fact. Remove China with prosperity plan, with build back better (USA made) means inflation.
He will buy more bitcoin, of course. And do very well.
Sounding desperate with you’re what if’s. The reality will pick up soon. You can´t fake an economy too long. We are soon facing a disaster of epic proportions. It´s sad, really. I don´t want to be right so if not, bless them all who saved us.
Totally agree. I don’t see a way out of what they’ve created. We have the nuke (raise rates) or death by 1000 cuts (hyperinflation) options.
Pete, they are devaluing the national debt. They will attempt to taper enough to keep inflation going but not crash the markets. As soon as it dips, they will increase QE. Once debt is 70% of GDP, they will raise rates to a ‘normal’ level.
Dude. You know the Fed won’t raise rates if the stock market goes down. Weren’t you around in 2000? You think they want to do that again?
The Fed doesn’t care about inflation. You and I both know that. They see that as the only hope of “paying off” the debt – inflating out of it. You know all of this.
He’s been wrong for like 10 yrs. His book DAO of capital is good though.
His book Safe Haven explains it well “While you can perhaps afford the luxury of prediction in other aspects of your investing you certainly cannot in your risk‐mitigation strategy, where the costs of being wrong are too great. Don’t fall for it, and “don’t predict.”
He makes money selling catastrophe insurance to institutional investors. It works as part of a large portfolio to hedge against tail risk but standalone it does not.
They manage 12 billion dollars. Marks’ fund has outstanding performance.
After I learned Peter owns a bank all of his bad takes start making sense. He’s afraid his business is going to die. Banks are not doing well in this environment or low interest rates and tech that can move money globally. Sad. Bitcoin reality is unfolding in epic proportions.
