{"id":47235,"date":"2019-07-15T17:16:27","date_gmt":"2019-07-15T22:16:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47235"},"modified":"2019-07-15T17:16:33","modified_gmt":"2019-07-15T22:16:33","slug":"peter-schiff-were-heading-for-recession-no-matter-what-the-fed-does-with-rates","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47235","title":{"rendered":"Peter Schiff: We\u2019re Heading for Recession No Matter What the Fed Does With Rates"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-were-heading-for-recession-no-matter-what-the-fed-does-with-rates\/\">Peter Schiff: We\u2019re Heading for Recession No Matter What the Fed Does With Rates<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/07\/peter-boom-bust-715.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/07\/peter-boom-bust-715.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Jerome Powell took center stage last week and the Federal Reserve chair didn\u2019t do anything to dampen expectations of a rate cut. His comments sent both stocks and&nbsp;<a href=\"https:\/\/schiffgold.com\/buy\/gold\/\">gold<\/a>&nbsp;higher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter Schiff recently appeared on RT Boom Bust with University of Amherst economics professor Richard Wolff to talk about the Fed and its impact on the markets. Pete said no matter what the Fed does, a recession is coming.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/v8EGpwCD_E0\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Peter opened the interview saying the main reason the Fed is cutting rates is to try to keep the air from coming out of the stock market bubble.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The other reason is they\u2019re trying to keep this so-called expansion going. There they\u2019re going to fail. I think we\u2019re headed for recession regardless of what the Fed does with rates. The only thing the Fed is going to succeed in doing is reviving inflation. The Fed claims inflation is too low and they want to make sure the rate goes up. Well, that\u2019s going to be their only success. But unfortunately, that\u2019s also going to be their biggest failure.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Wolff agreed with Peter\u2019s view that a downturn is coming, noting that we are overdue for a recession. He said the sudden dovish turn by the Fed is a \u201cdesperate move\u201d by to try to postpone the downturn until after the 2020 election.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The host mentioned a tweet Peter put out during Powell\u2019s trip to Capitol Hill.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said he never heard the question asked, but it would have been a great way to put Powell on the spot and ask him if he agrees with the president.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: We\u2019re Heading for Recession No Matter What the Fed Does With Rates Jerome Powell took center stage last week and the Federal Reserve chair didn\u2019t do anything to dampen expectations of a rate cut. His comments sent both stocks and&nbsp;gold&nbsp;higher. Peter Schiff recently appeared on RT Boom Bust with University of Amherst economics [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7195,1264,827],"class_list":["post-47235","post","type-post","status-publish","format-standard","hentry","category-economics","tag-market-bubble","tag-recession","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47235"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47235\/revisions"}],"predecessor-version":[{"id":47236,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47235\/revisions\/47236"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}