Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’

Economist Peter Schiff has predicted that the U.S. dollar volition person “one of its worst years ever” successful 2023, informing that the ostentation occupation is “about to get overmuch worse.” He besides shared his prediction astir the worst-performing sectors of the banal marketplace this year.

Peter Schiff’s 2023 Economic Predictions

Economist and golden bug Peter Schiff shared his 2023 predictions astir the U.S. economy, the dollar, and the banal marketplace successful a bid of tweets Friday.

“The U.S. dollar scale whitethorn person had a beardown year, but it ended the twelvemonth connected a six-month low, down 10% from its November high,” helium began, elaborating:

This weakness volition apt proceed successful 2023, with the dollar having 1 of its worst years ever. If I’m close the ostentation occupation is astir to get overmuch worse.

Schiff besides disagreed with Wharton University’s concern prof Jeremy Siegel who shared his economical presumption connected CNBC past week.

“Jeremy Siegel is wrong,” Schiff contended. Siegel “thinks falling existent property prices means the ostentation menace is over. That’s falling plus prices. Consumer prices volition support rising, including those associated with homeownership similar rent, owe rates, insurance, taxes, utilities, and maintenance,” Schiff argued.

Regarding the banal market, Schiff predicted:

The worst-performing sectors of the banal marketplace successful 2022 volition apt repetition arsenic the worst-performing sectors successful 2023.

Schiff has repeatedly warned astir the U.S. system and the dollar crashing. In October, helium cautioned astir the rising nationalist indebtedness that the U.S. cannot repay. “We’re going to default,” helium warned. “We person overmuch much indebtedness present than we had successful 2008 … truthful this is going to beryllium a overmuch bigger situation erstwhile the defaults start,” helium described. The economist besides predicted that the Federal Reserve’s caller actions could lead to marketplace crashes, a monolithic fiscal crisis, and a terrible recession.

What bash you deliberation astir economist Peter Schiff’s predictions? Let america cognize successful the comments conception below.

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