Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: “You have the worst of both worlds.”
U.S. Economy and Stagflation
Economist and gold bug Peter Schiff warned about the U.S. economy facing a period of stagflation, characterized by high inflation and high unemployment, in an interview with Fox News Thursday. Schiff explained:
In Q1 of this year, inflation actually strengthened over the fourth quarter of last year. So, not only is the economy weakening, but inflation is strengthening. You have the worst of both worlds. This is stagflation and it’s going to get worse.
Commenting on Nobel laureate Paul Krugman’s opinion piece, published by the New York Times last week, stating that the U.S. economy is in better shape than most people realize and that “America has experienced a remarkably fast and essentially comple
We współpracy z: https://news.bitcoin.com/economist-peter-schiff-warns-of-stagflation-in-us-economy-says-its-going-to-get-worse/
