Peter Schiff Warns Of Far More 'Devastating Outcome' Than 2008 Global Financial Crisis As He Slams Jerome Powell's 'Misguided' Optimism
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff criticizes the Federal Reserve's plan for three rate cuts this year, warning of a more severe crisis than 2008 due to 'misguided' optimism by Jerome Powell. Schiff points to rising gold prices and the CRB commodity index as indicators of inflation contrary to the Fed's expectations. He suggests that the Fed's current monetary policy is too loose and that the planned rate cuts could be a significant policy blunder.
March 30, 2024 | 8:07 pm
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The iShares TIPS Bond ETF, which tracks inflation-protected U.S. Treasury bonds, may see increased interest as investors seek protection against inflation, highlighted by Schiff's criticism of the Fed's policy.
Given Peter Schiff's warning about inflation and criticism of the Federal Reserve's policies, investors might look towards assets that offer protection against inflation, such as TIP. The ETF's focus on inflation-protected securities makes it relevant in the context of Schiff's comments on rising gold prices and the CRB commodity index as indicators of inflation. This could lead to increased interest in TIP in the short term as investors seek to hedge against the inflationary trends Schiff predicts.
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IMPORTANCE 70
RELEVANCE 80