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Peter Schiff : Tariffs Did Not Cause U.S. Trade Deficits

The Peter Schiff Show Podcast - Episode 361






Don't get me wrong, I do believe the recession will happen in Trump's first term, followed by severe inflation from the Fed's reactionary monetary policy. I just feel Schiff is risking a lot by calling it for sure. It all depends on how the Fed acts/reacts, and how the markets respond. Last recession the markets responded with confidence in the dollar, probably from Greenspan's 'puts' in the 90s and early 00s. Next time around, with a skyrocketing debt to GDP ratio, I don't see it though.



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