Investor Peter Schiff Predicts More Pain in 2023

Investor Peter Schiff Predicts More Pain in 2023
Traders work on the trading floor at the New York Stock Exchange in New York City, on Jan. 5, 2023. Andrew Kelly/Reuters
Updated:
0:00

Peter Schiff, chief economist and global strategist of Euro Pacific Asset Management, is famous for his bearish takes. A falling stock market, a deep recession, and a sovereign debt crisis were among his predictions in the past.

As the first trading week in January came to a close, The Epoch Times sat down with  Schiff to get his outlook for the new year. According to the libertarian economist, the outlook is grim and driven by two factors: inflation and the Federal Reserve.