Peter Schiff: Surging oil prices will not lead to increased inflation, but will only trigger an economic recession
According to Odaily, economist Peter Schiff stated on the X platform that soaring oil prices will not lead to intensified inflation, but will only trigger an economic recession. What truly causes inflation to worsen are the fiscal and monetary policies implemented after oil prices surge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano roadmap consists of five phases, Plomin hard fork completes the final governance phase
BUZZ-Newsmax shares rise due to unexpected third-quarter profitability
NZD/USD Price Forecast: Bears gain momentum to test 19-month lows at 0.5527
BUZZ-Palo Alto Networks shares rise as KeyBanc upgrades rating
Crypto prices
More
