Money Show, Released on 2/15/24

In this hard-hitting interview, he warns that investors are being far too complacent about the outlook for Federal Reserve policy, inflation, and the stock market. Rather than buy into the narrative that the “inflation genie is back in the bottle” and that the Fed has engineered a “soft landing” for the economy, he says we’re due for an “inflationary depression.” That scenario involves inflation going back up to – and through – the 9.1% peak we set in June 2022…the economy shrinking…and the Fed being forced to resort to quantitative easing (QE) again, effectively “monetizing the debt” of the U.S. government. In his words: “If you think inflation is bad now or was bad over the last couple of years, you ain’t seen nothing yet.” Peter further explains why that would be bad for the U.S. dollar, but good for gold and commodity-related equities. He also sees foreign stocks outperforming domestic ones, and widely held growth and tech stocks being “in for a lot of trouble.”

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.

  economy, Fed, inflation, stocks