• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Economist Peter Schiff predicts the downfall of the dangerous stock market bubble

Reshab Agarwal by Reshab Agarwal
March 1, 2023
in Crypto, News
0
Peter Schiff

Peter Schiff

215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

Economist Peter Schiff has warned that the Federal Reserve could set the stage for a “complete economic collapse” if it continues its current policies. Schiff, the CEO of Euro Pacific Capital and a prominent critic of the Fed, believes that the central bank’s actions are creating a dangerous bubble in the stock market that could burst at any moment.

You might also like

Japan and EU Jointly Unveil World’s Largest Tokamak in Leap Forward for Fusion Research

X CEO Backs Musk After Expletive Rant: Balancing Freedom & Responsibility?

ALLEN Makes First Edtech Move: Acquires Doubtnut to Conquer Online Learning

The statement made by Schiff

In an interview with Fox Business, Schiff said that the Fed’s decision to keep interest rates near zero and continue its asset purchase program was a mistake. He argued that the policies were leading to excessive borrowing and spending, which could ultimately lead to a collapse of the economy.

According to Schiff, the Fed’s actions have created a false sense of security in the market, causing investors to take on more risk than they should. He believes the market is in a bubble that could pop at any moment, leading to a massive sell-off that could wipe out trillions of dollars in wealth.

Schiff’s warning about Economic breakdown 

Schiff’s warnings come at a time when many analysts are concerned about the economy’s health. Despite a strong stock market and low unemployment, there are signs that the recovery from the pandemic may be slowing down. Many businesses are still struggling, and consumer spending has not rebounded as quickly as many had hoped.

The Fed has been trying to support the economy by keeping interest rates low and buying up assets like government bonds and mortgage-backed securities. The goal is to keep borrowing costs low and encourage lending and investment.

However, Schiff argues that this strategy is only making things worse. He believes that the Fed’s actions are inflating asset prices and leading to a dangerous misallocation of resources. He also warned that the government’s massive stimulus programs could lead to inflation and a devaluation of the dollar.


Despite the warnings by economist Peter Schiff, many investors remain optimistic about the economy’s prospects. They point to the strong stock market and low unemployment as evidence that the recovery is on track. However, the future remains uncertain, and how the economy will fare in the coming months and years is still being determined. With the Fed’s policies coming under increased scrutiny, we could see some major changes in how the central bank operates.

Also Read: Goldman Sachs is still open to crypto hires amid a massive cost-cutting.

Tags: #Peter_SchiffEconomyStock_Market
Tweet54SendShare15
Reshab Agarwal

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Japan and EU Jointly Unveil World’s Largest Tokamak in Leap Forward for Fusion Research

by Harikrishnan A
December 4, 2023
0
Japan and EU Jointly Unveil World’s Largest Tokamak in Leap Forward for Fusion Research

Japan and the European Union joined forces to unveil the JT-60SA, a significant milestone in the global pursuit of fusion energy. Hailed as the world's most extensive and...

Read more

X CEO Backs Musk After Expletive Rant: Balancing Freedom & Responsibility?

by Rounak Majumdar
December 4, 2023
0
X CEO Backs Musk After Expletive Rant: Balancing Freedom & Responsibility?

Following Elon Musk's vehement and insulting interview tirade directed at advertisers who halted their ads on X, CEO Linda Yaccarino has sent a message to colleagues outlining the...

Read more

ALLEN Makes First Edtech Move: Acquires Doubtnut to Conquer Online Learning

by Rounak Majumdar
December 4, 2023
0
ALLEN Makes First Edtech Move: Acquires Doubtnut to Conquer Online Learning

The well-known Kota-based coaching behemoth ALLEN Career Institute has purchased edtech company Doubtnut, a move that indicates its intention to bolster its position in the rapidly growing online...

Read more
Next Post
Meta introduces its own AI tool, LLaMA

After losing billions of dollars on the metaverse, Mark Zuckerberg's launching a 'top-level' team at Meta to develop AI products for WhatsApp, Messenger, and Instagram

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Produce Read-Only or Write Protected USB Flash Drives with Nexcopy USB Duplicator Systems.

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
Blooket

How to hack blooket

September 30, 2022
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to get Santa on ring doorbell

How to get Santa on ring doorbell

August 7, 2022
Cybertruck in a showroom

Tesla Cybertruck Showroom Locations: Where to See the Electric Beast in Person

November 24, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?