The New "Economy" Has Arrived, Are You Prepared?

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The New "Economy" Has Arrived, Are You Prepared?

Released on Thursday, July 9, 2020•ECONOMY

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In the new economic age ushered in by Covid-19, central banks around the world have vastly expanded monetary activism far beyond anything seen before. The U.S. Federal Reserve has expanded their balance sheet by nearly $4 trillion in just a few months, and as far as anyone can tell, there is no end in sight. In the words of Fed chairman Jerome Powell, the Fed isn't even thinking about when it will think about raising interest rates above zero. But central bank activism may soon be moving in very new directions. To deal with tens of millions of newly unemployed workers and the reality that entire commercial sectors are no longer viable, the banks are currently looking at ways to put newly created money directly into the hands of consumers. Against a backdrop of a weak economy, this a clear recipe for stagflation. Peter Schiff will explain how investors can prepare for this new normal.

Peter Schiff

Euro Pacific Capital, Inc., Chief Economist and Global Strategist

Peter Schiff is the chief economist and global strategist of Euro Pacific Capital, a division of Alliance Global Partners, a Registered Investment Adviser and a full service broker/dealer. He is one of the few widely known economists and investment professionals to have spoken about the financial crisis before it began. As a result of his commentary on the US economy, Mr. Schiff is becoming increasingly more renowned. He is a widely followed opponent of debt-fueled growth policies and known for his advocacy for emerging market and commodity-focused investments in countries with positive fiscal characteristics. Mr. Schiff has been quoted hundreds of times in leading news outlets around the world, and he regularly appears on business news channels worldwide. His best-selling book, "Crash Proof: How to Profit from the Coming Economic Collapse" was published in February of 2007. Mr. Schiff's fifth book, The Real Crash (Fully Revised and Updated): America's Coming Bankruptcy, was released in April of 2014.