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The probabilities are that previous Vice-President Joe Biden will win this year's presidential political election, as well as the outcomes for the economic situation will be a lot more stimulus, greater tax obligations, as well as climbing inflation, said Peter Schiff, senior financial expert and also primary market strategist of Euro Pacific Resources.
" I believe the outcome is going to be a Biden win. I also assume that it's most likely than not that the Democrats will certainly take the Senate too, providing control of both Houses of Congress as well as the White House. As careless as the Republicans have been with borrowing and also costs, I anticipate the Democrats to be also worse," Schiff told Kitco News on the sidelines of the New Orleans Financial Investment Meeting.
0:23 – Governmental political election result
4:00 – Profession battle with China
6:23 – Financial investment effects of political election
8:00 – Inflation and stock exchange
12:30 – U.S. dollar
14:06 – Gold replacing the dollar
17:20 – Gold rate response to election
18:40 – Fiscal stimulus
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Peter Schiff: will Biden or Trump win? Outcomes for markets, taxes, inflation
The odds are that former Vice-President Joe Biden will win this year’s presidential election, and the results for the economy will be more stimulus, higher taxes, and rising inflation, said Peter Schiff, senior economist and chief market strategist of Euro Pacific Capital.
“I think the outcome is going to be a Biden win. I also think that it’s more likely than not that the Democrats will take the Senate as well, giving them control of both Houses of Congress and the White House. As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse,” Schiff told Kitco News on the sidelines of the New Orleans Investment Conference.
0:23 - Presidential election outcome
4:00 - Trade war with China
6:23 - Investment implications of election
8:00 - Inflation and stock markets
12:30 - U.S. dollar
14:06 - Gold replacing the dollar
17:20 - Gold price reaction to election
18:40 - Fiscal stimulus
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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