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Peter Schiff, chief economist and global strategist of Euro Pacific Asset Management, is famous for his bearish takes. A falling stock market, a deep recession, and a sovereign debt crisis were among his predictions in the past.
As the first trading week in January came to a close, The Epoch Times sat down with  Schiff to get his outlook for the new year. According to the libertarian economist, the outlook is grim and driven by two factors: inflation and the Federal Reserve.
"The last couple of times the Fed was able to orchestrate a pivot, it did it when inflation was 2 percent or less," he told The Epoch Times. "Pivot" refers to the moment when the Federal Reserve stops hiking interest rates and begins cutting them again, historically done in response to severe financial stress....