CPI - Peter Schiff Warns Investors Taking Refuge From Stocks In Money Markets: 'Inflation Is A Real Risk' | Benzinga
Renowned economist Peter Schiff cautions investors seeking refuge in money markets from stock volatility, highlighting the lurking inflation threat that could erode purchasing power significantly.
What Happened: On Monday, Schiff shared his insights on Twitter, warning investors about the hidden risk of inflation in money markets. He contended that even though money markets offer a seemingly risk-free 5% return, the actual risk lies in the potential loss of 10%-20% in purchasing power annually due to inflation.
Anyone moving from #stocks into money markets because they prefer to earn 5% risk-free is mistaken. #Inflation is a ...