Gold Bull Peter Schiff Warns This Will Send Economy 'Deeper Into Recession' After Weak Jobs Data: 'That's Real Bidenomics'
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff warns of a deepening recession due to weak economic data, including falling job vacancies and consumer confidence. He predicts a sharp rise in inflation and interest rates if the dollar weakens further. The iShares TIPS Bond ETF (TIP), which tracks inflation-protected U.S. Treasury bonds, ended Wednesday’s session down 0.15% at $105.85.
August 31, 2023 | 9:02 am
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NEGATIVE IMPACT
The iShares TIPS Bond ETF (TIP), which tracks inflation-protected U.S. Treasury bonds, could be impacted by the predicted rise in inflation and interest rates.
The iShares TIPS Bond ETF (TIP) tracks inflation-protected U.S. Treasury bonds. If inflation and interest rates rise sharply as predicted by Peter Schiff, this could negatively impact the performance of the ETF. The ETF ended Wednesday’s session down 0.15% at $105.85.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80