While analysts insist inflation isn’t a problem in the US because the bond market isn’t signaling any inflation concerns, veteran stockbroker Peter Schiff argues that you can’t rely on this bond market to tell you anything.
“There are a few elephants in the living room in the form of other central banks that are distorting the bond market,” Schiff said in his podcast, explaining: “The bond market is not working the way it has in the past because the Fed is artificially manipulating interest rates. The biggest buyer is the Federal Reserve.”
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