With global stock markets and commodities a sea of red, today King World News interviewed Peter Schiff, CEO of Europacific Capital, to get his thoughts on what lies ahead. Schiff told KWN the stock market is being led by inflation, but we have “serious structural economic imbalances” and many investors will be “blindsided” by the next crisis. Here is what Schiff had to say: “The stock market is still being led by inflation. There is still liquidity out there. You can’t hold cash because there’s no return. You really can’t buy bonds if you’re an investor because there’s no return there and you’re just buying into a bubble.”
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