Peter Schiff warns inflation will assist ‘push the economic system into recession’ — 3 methods to guard your self like him
Raging inflation may do extra than simply erode the buying energy of the greenback.
In keeping with Peter Schiff, CEO of fairness fund Euro Pacific Capital, who’s well-known for publicly predicting the 2008 housing disaster, spiking worth ranges will assist “push the economic system into recession.”
“A powerful economic system does not produce inflation,” Fox Enterprise reported earlier this month. “It really produces the reverse, as a result of a powerful economic system signifies that your economic system is productive, you are producing extra items and companies, and also you’re rising the availability.”
The excellent news? Schiff additionally is aware of a factor or two about hedging towards inflation. Actually, we will clearly see that theme in Euro Pacific’s newest 13F submitting with the Securities Change Fee.