Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. “Future rate hikes are now pointless,” he stressed, adding that any effect will be more than offset by the Fed’s quantitative easing.
Peter Schiff’s Financial Crisis Warning
Economist and gold bug Peter Schiff shared his outlook for the U.S. economy in a series of tweets this week. He explained that when the government “imposed lots of new banking regulations after the 2008 financial crisis, we were assured that what is happening right now would never happen again.” However, he argued:
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One reason we had the 2008 financial crisis was too much government regulation. That’s why this crisis will be worse.
“This time it’s different. When the 2008 financial crisis
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