Stagflation Coming

The Dow Jones was up Friday, avoiding it ninth consecutive down day. As Peter Schiff noted on his most recent podcast, such a long stretch of declines is pretty rare. Eight straight down days has only happened  43 times since the Dow launched in 1896. The last time we had nine straight days of Dow Jones decline, Jimmy Carter was president.

Peter said this is a little ironic because he sees another Carter-era phenomenon on the horizon – stagflation.

As a result, he thinks Trump is going to do...