🇺🇸Peter Schiff is burying the US economy!
▫A very weak jobs report for October indicates that inflation will continue to grow! More costs and lower production = Stagflation!
▫The myth of a strong labor market is dying! But the weakness in employment will not lead to a decrease in inflation.
▫ The Fed refuses to raise rates or from QT to stimulate the economy, but instead the Fed will provoke a further increase in inflation.
▫ Treasury bonds should be sold and interest rates should rise as a result of a weak employment report.
▫ Macro data indicate that a recession is approaching, which will lead to an increase in the budget deficit and an increase in inflation, which is a negative factor for bonds.
▫ Ignorance of what inflation is and where it comes from is widespread on Wall Street and in the #Fed. This misunderstanding often leads to an incorrect valuation of assets, creating huge opportunities for profit.