Peter Schiff
Feb 26, 2023
· The inflation genie is impossible to put back in the bottle.
· CPI and PPI are lagging for a number of reasons.
· Beaten down stocks of 2022 enjoyed a short-lived d--d cat bounce in 2023.
· Consumer spending in January surged after a record decline in tax revenue.
· The PCE is the most inaccurate way to measure inflation and it’s no coincidence that it’s also the Fed’s favorite way.
· The progress the Fed claimed to have made against inflation is already lost.
· The inverted yield curve is now even more inverted.
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