‘This is going to be the inflationary recession, there’s no way out and it’s a political disaster for Trump because the recession is going to start before he finishes this term, which means he won’t have a second term.’ That’s Euro Pacific Capital’s Peter Schiff explaining to Fox Business following the Dow Jones Industrial Average’s DJIA, +0.35% nasty plunge on Wednesday how he sees this turbulent market ultimately playing out.
“This trade war is lost, he said. “The only question is when do we surrender and how do we admit defeat. Again, I don’t think we’re going to get any kind of deal.”
Hey Shifty Schiff: what are you willing to wager on this or, is this just more left-wing rhetoric without facts or substance? I’m willing to bet you $10k that you are wrong. Up for it?
It makes perfect sense and stands to reason. Trump is the AntiObama. Obama gave us the 'jobless' recovery, therefore Trump will give us the 'inflationary' recession. Indubitably.
Omg this loser being promoted again 😂
...and then the sky fell down right on this moobs head....
Peter Schiff does not deserve the press that he gets.
Dennis Gartman 2.0
Why does the media pay attention to someone who's wrong so often?
They could make a deal tomorrow and those small farms out west won’t get their contracts back that have been lost to Brazil.
This is a lie. realDonaldTrump is doing what no president in the past 30 years had the balls to do. China has been stealing from America through trade imbalance and IP theft. We are winning. NoMoreFakeNews
A broken clock is right twice a day. I guess Schiff is going to keep saying the same shit forever until: 1) He dies and it doesn't happen 2) It happens at some point, followed by he claiming he called it
Yay, so much great news today. I am overwhelmed.
Schiff predicts another recession, what a hot new take. Hes literally said the exact same thing his entire career. Predicting 10 of the last 1 recessions
Why would there be a recession? China is ONLY growing 8%. We were above 2% last I checked. No one is having a recession soon. There is plenty of fake money to pump up stuff until after the election. Trump will let stuff fall apart after October 2020
A Peter Schiff prediction is just about as valuable as AOC saying we have 12yrs until the world ends from climate change 10 yrs ago said gold was going to $5000/oz then $10k/oz then $5k-$10k/oz at parity w/ DOW. Can't trst guy tht owns retail precious mtls Co hyping his product
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That’s a fact I’m part of that consensus been tweeting the tariff debacle is over we lost they won for days now and I can say with what I believe is a certainty who shut it down, Mitch McConnell. Imo Mitch told Trump to exit tariff highway gave him strategy to get out. 1/
Wrong lol this is going to blow up in his face.
When we have moved all our manufacturing to Taiwan, Vietnam, India, and back to the USA
You’re embarrassing yourself
Nope. We were losing for the past 10 years. We are winning now.
Tell that to anyone touching the steel industry
I’m still trying to figure out what exactly would constitute a win?
You are so wrong
If Trump ends the trade war and the Fed lowers rates more than .5 point the market will rocket up north with pent up momentum. You can’t count on Trumps economic mistakes to keep him from re-election as they can be easily corrected before Nov. election.
This man sells gold for a living and has been predicting doom for the economy for the last 10 years. I used to listen to his podcast 9 years ago. It's the same thing every day. It's embarrassing that MarketWatch gives him any air time.
It is simply amazing at how many politicians, and people want China to win, just so Trump looses. That is sick.
Chicken little the sky is falling
An inflationary recession? 😂 We’ve barely had inflation, with 0% wage growth, for the last 10 years. Rates have stayed low to keep it from being deflationary. It is disastrous for Trump, but not because of inflation. 🤦🏼♂️
Any relationship to Adam schiff?
Talmud thumping hater Schiff is free to run for president or just shut the fuch up, put tape in it's mouth, dropkick off camera, stop giving it voice
I’ve always found it practical to get a quote from the guy who went 0/2634 on predictions so far
This moron has been wrong so many times. Desperate to sell gold
I’m gonna pull up his financial disclosure. I think this dude is loading up on the $SPY as I type
You misspelled 'deflationary'
Peter has been dead wrong for.... 11 years and counting.... zero credibility!