Author Topic: Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”  (Read 137 times)

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Offline Ptarmigan

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Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
« on: September 19, 2022, 08:58:42 PM »
Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
https://schiffgold.com/peters-podcast/peter-schiff-fedex-reveals-the-myth-of-the-soft-landing/

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Inflation continues to surprise to the upside. Meanwhile, the economy continues to surprise to the downside. But the markets continue to believe that the Federal Reserve can slay the inflation monster while still guiding the economy to a so-called “soft landing.” FedEx announced some news last week that undercuts this narrative. In his podcast, Peter Schiff talked about why the landing is going to be hard. And when the economy crashes, the Fed inflation fight will be over.

Peter said in the short run, investors are not reacting properly to what’s going on.

I knew we were getting higher inflation. I knew we were getting weaker growth. Most people didn’t know that. But what’s still happening is every time investors are surprised with a hotter-than-expected inflation number, that makes them feel that the Fed is now going to have to fight harder to bring inflation back down to 2%. Nobody doubts the Fed’s resolve, or its ability to bring inflation back down to 2%. So, the higher inflation goes, the harder everybody expects the Fed to fight to win. And that keeps propping up the dollar, and that keeps suppressing gold.”

There is no soft landing. It is going to be a hard landing.

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And of course, this pivot is going to happen when inflation is still well above 2%. If the Fed goes back to zero percent interest rates and quantitative easing, it’s going to drive inflation even higher.

In other words — stagflation.

In this podcast, Peter also talks about silver as the silver lining in gold’s cloud, the declining stock market, the likelihood of a Black Monday in the near future, why bonds may crash harder than stocks, and the implications of that crash.

Stagflation perhaps?
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Offline freedumb2003b

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Re: Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
« Reply #1 on: September 19, 2022, 09:08:41 PM »
Compared to pedo joe, carter was a piker.
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Offline Eupher

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Re: Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
« Reply #2 on: September 20, 2022, 08:55:49 AM »
SharterJoe is the reason we can't have nice things any more.

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Offline ABC-2

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Re: Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
« Reply #3 on: September 20, 2022, 10:52:26 PM »
SharterJoe is the reason we can't have nice things any more.

And "SharterJoe" is the reason I pray every night for our country to not go down the drain.  I thoroughly detest the foolish old man  ...

Well, the ones behind the curtains, at least, and espcially the ones who write the words on the teleprompters, that he attempts to read!

And last, but not least, his wonderful & most loving-elder-abusing- wife, Jill, who so enjoys being "First Lady" at his expense!   :argh:
« Last Edit: September 20, 2022, 10:54:57 PM by ABC-2 »
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