Economist Schiff warns: The US dollar, US Treasuries, and stocks may face a massive dumping. Can Bitcoin become a safe haven?
The US market is shrouded in the shadow of a potential triple blow, as the convergence of inflation risks, tariff threats, and flawed fiscal policies could lead to a massive asset dumping. Economist and gold advocate Peter Schiff posted a series of messages on the social media platform X on July 5, warning that a new round of tariffs could trigger market turbulence and urging investors to prepare for the impact. He predicted that the dollar, government bonds, and stocks would face sharp declines, which would be the "reciprocal" tariff effects not yet fully reflected in the market.
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