I believe Central Banks are behaving very foolishly around the world. They are deliberately cutting interest rates in pursue of inflation as if that`s the Holy Grail of economics. I think this is going to backfire. I think the inflation rates around the world will end up being much higher than any central bank has bargained for.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2016 (252)
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- ▼ March (33)
- ► 2014 (429)