The economist Peter Schiff predicts that inflation will get much worse-the US dollar is facing one of its worst years of all time-Economics
The economist Peter Schiff predicts that inflation will get much worse-the US dollar is facing one of its worst years of all time-Economics
The economist Peter Schiff has predicted that the US dollar will have "one of its worst years of all time" in 2023 and warns that the inflation problem "is about to exacerbate". He also shared his prediction on the stock market sectors with the worst performance this year.
Peter Schiff's business forecasts for 2023
The economist and Gold bug Peter Schiff shared its predictions for 2023 about the US economy, the dollar and the stock market on Friday.
"The US dollar index may have had a strong year, but he ended the year at a six-month low, 10 % under his November high," he began:
This weakness will probably continue in 2023, with the dollar experiencing one of its worst years of all time. If I lie correctly, the inflation problem gets much worse.
Schiff also contradicted the financial professor of Wharton University, Jeremy Siegel, who shared his economic perspective on CNBC last week.
"Jeremy Siegel is wrong," said Schiff. Seal "Thinking, falling real estate prices mean that the risk of inflation is over. These are falling asset prices.
Ship forecast in relation to the stock market:
The worst cutting sectors of the stock market in 2022 will probably be the worst, cutting sectors in 2023.
ship repeatedly warned of the crash of the US economy and the dollar. In October he warned of increasing public debt that the United States cannot repay. "We will be in default", he warned . "We now have a lot more debts than in 2008 ... So this will be a much greater crisis when the defaults in the payment begin", he . The economist also predicted that the latest measures of the Federal Reserve could do this. Rel = "noopener"> lead to Markt crashs, a massive financial crisis and a severe recession.
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