Are US Treasuries a good investment right now?
Not if you consider the rising inflation rate. In fact, in his most recent podcast, Peter Schiff called US Treasuries a “lousy deal.”
As we approach the 10-year anniversary of the 2008 financial crisis, some things don’t seem a whole lot different. Everybody is optimistic, and as Peter Schiff noted in his most recent podcast, ignoring all of the warning signs.
We’re seeing a lot of warning signs people should be worried about, but again they’re dismissing them, much the way they did 10 years ago You know, we’re getting close to the 10-year anniversary of the 2008 financial crisis. Remember, the whole thing started in August of 2008. Here we are August 2018, 10 years later. I think we’re heading for an even bigger crisis and the same people are even more clueless.”