​Peter Schiff: The “Good Ship Transitory” Sank, And Now The Captain Is Joking About It… – Tyler Durden

Peter Schiff: The “Good Ship Transitory” Sank, And Now The Captain Is Joking About It… Via SchiffSovereign.com, It almost sounded like an apology. Almost… On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here… and how inflation took hold. To be fair, he rightly diagnosed the root causes: extreme government spending and money printing during the pandemic. And then, when the economy reopened after the lockdowns, there was a sudden surge in inflation. The Fed and its army of experts assumed this inflation would be a temporary phenomenon—what they called “transitory.” They…  — Continue at ZeroHedge News : Read More