Renowned economist Peter Schiff has sounded alarm bells, predicting an impending “historic economic collapse.” Schiff’s outlook for the US dollar is equally bleak, as he recently suggested that the world’s primary reserve currency may be headed toward a loss of its hegemony and could be replaced by gold. Schiff’s analysis for the US dollar isn’t…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economists are reacting to President Donald Trump’s latest tariff escalation with China, as well as the subsequent walk-back over the weekend, following the sharp selloff in risk assets on Friday. On Sunday, in a post on X, economist…
Economist Peter Schiff warned Thursday of a severe bear market for Michael Saylor-led Strategy Inc. (NASDAQ: MSTR) and companies mimicking its Bitcoin (CRYPTO: BTC) treasury play. In an X post, Schiff questioned the viability of companies with large Bitcoin reserves. “While so many companies have been busy copying Saylor’s harebrained business strategy, few have noticed that MSTR…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire entrepreneur Elon Musk is once again raising concerns regarding the U.S. fiscal outlook, warning of dire consequences as interest on Federal debt balloons to unsustainable levels. What Happened: On Tuesday, in a post on X, Musk warned…