Peter Schiff Fires A Grim Warning: 'Investors Who ... Expect Inflation To Slow Down Are In For Rude Awaking'
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff warns that inflationary pressure is not yet contained and is likely to continue due to high US national debt and increasing energy consumption. He notes that bond yields and oil prices are likely to continue rising. The US national debt is about $33 trillion and the country has been living beyond its means since 2001. High oil prices could push up inflation. The United States Oil Fund, LP (NYSE:USO) ended Friday’s session up 0.21% at $81.29.
September 16, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The United States Oil Fund, LP (NYSE:USO) could be impacted by the continued inflationary pressure due to high US national debt and increasing energy consumption.
The United States Oil Fund, LP (NYSE:USO) could be impacted by the continued inflationary pressure as it is directly linked to the price of oil. As oil prices rise due to increasing energy consumption and inflation, the value of USO could also increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80