Inflation numbers are out for January. Prices increased the most in three months, by 0.5 percent, and egg prices are up 70 percent year-over-year. We talk with Peter Schiff about where inflation is headed. Credit rating agencies report a drop in medical debt. What does the White House say is behind it? The Biden administration…
NTD Business (Feb. 14): Peter Schiff: Real Inflation Is Double CPI Inflation; US to Sell 26 Million Barrels of Reserve Oil
Investor Peter Schiff Predicts More Pain in 2023
Peter Schiff, chief economist and global strategist of Euro Pacific Asset Management, is famous for his bearish takes. A falling stock market, a deep recession, and a sovereign debt crisis were among his predictions in the past. As the first trading week in January came to a close, The Epoch Times sat down with Schiff…
Peter Schiff Warns US Economy Will Spend Decade in ‘Inflationary Depression’
Following a -0.9 percent contraction in the second-quarter GDP, experts are debating if the U.S. economy has officially slipped into a technical recession. Economists at the National Bureau of Economic Research (NBER), the arbiters of what defines a recession, have yet to make their formal declaration. Until then, Wall Street and Washington will be debating whether…
DOJ Sues Steve Wynn for China Lobbying; Majority of CEOs Predict Recession: Survey | NTD Business
Allianz will pay over $6 billion in its criminal securities fraud case, in one of the largest white-collar crimes in U.S. history. Casino mogul Steve Wynn was accused of lobbying Trump on behalf of the Chinese Communist Party. He apparently wanted to get a Chinese dissident sent back to China. More recession warnings and a big…
Seek ‘Real Assets’ Not Bitcoin for Inflation Protection, Says Gold Bull Peter Schiff
Gold is not the only tool to hedge against inflation, but bitcoin, which is sheer speculation, can’t be an inflation hedge, says Schiff.
NTD Business Full Broadcast (Jan. 22)
President Biden signs more orders today, including giving more people food stamp benefits, paying more to federal workers, and restoring union powers. The Nasdaq hits an all-time high. We talk to Peter Schiff about why investors will be caught when the bubble bursts. House prices are also at the highest point in years. Is now…
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