Posted on 03/17/2022 10:47:54 AM PDT by jeff_clark
Economist Peter Schiff slammed President Joe Biden’s inflation crisis and emphasized it’s much worse than people even realize.
(Excerpt) Read more at newsbusters.org ...
Is stagflation better than Hyperinflation? I was told it was.
Why should we believe someone with expertise in the subject when we can listen to CNN/MSNBC idiots who failed third grade coloring? ;-)
“Is stagflation better than Hyperinflation? I was told it was.”
Just a matter of how bad in each case, I’d guess.
Let’s see !
Hyperinflation - You have a job but your paid in money worth less then used toilet paper. Therefore you can’t buy anything.
Stagflation - You have a don’t job. Therefore you can’t buy anything. The money if you had any, is still headed toward worthlessness.
Hard choice!
Schiff is pretty late to the party. I’ve been watching the yield curve move towards inversion for months.
He’s talking a bit out of both sides of his mouth - saying massive runaway inflation here/coming yet prices of all real assets are about to crater. That’s massive deflation. Which one are you picking?
Schiff has been saying the same thing for years. Eventually, every stopped clock is right.
He has been so very wrong on so many things.
But, of course.
It’s like Heat Exhaustion ... you’re there before you know it and there’s no backing out. You must suffer the process until you jump in the ice tub.
All this is no accident.
Ruin is the Left’s reason and the way they seek to achieve permanent Central Authority.
It’s the Devil’s game, an old one.
Caesar rules this World
Hey, when has Peter ever been wrong?
Heh.
It really moved towards inversion after the 25bps hike yesterday, according to the charts I saw.
Yes, but if you’ve been paying attention, it’s bee going that way for a while.
Yield curve inversions have predicted more recessions than have happened, though this time it’s hard to see how we miss one.
The last Yield Curve inversion happened in 2018. No recession followed, obviously. Inversions are an early warning sign, that’s why they don’t always pan out.
The FED will have to really pull a rabbit out of a hat to get a soft landing after years of large govt debt creation, no annual fed govt budget since 2007, private sector debt creation and the huge flood COVID handouts/spending.
Some of the Big Houses are putting a 35% chance on recession, I think it’s over 50%. Recessions are necessary, that’s why they happen. During booms people make a lot of money and eventually they overinvest in everything and new demand growth isn’t there so down we go. Recessions are the required seed for the next boom but everyone acts like it’s the end of the world.
Good luck to everybody, fortunes are made during downturns and lost during booms.
Yeah he has.
Recessions are the best time to buy real estate.
can't earn anything in a savings bank, stock market crashing, land and housing expensive....cost of living exploding....
but our property taxes keep going up , up, up...
its called a death spiral.
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