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Peter Schiff: CPI and PPI Expose Transitory Inflation Ruse

YouTube/PeterSchiff, Released on 7/14/21

  • Fed forced to admit that inflation will be higher and last longer than they predicted.
  • June CPI numbers come in almost double Fed’s expectations.
  • Highest monthly CPI increase in 13 years.
  • Stock indexes are not a hedge against inflation.
  • Producer costs are rising faster than consumer prices.
  • Consumer prices are rising faster than wages.
  • No signs that inflation is transitory in the oil market.

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, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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