Peter Schiff

The US dollar (Dollar Index then near 99) will crash, with a collapse larger than he had earlier forecast.

“the dollar will crash, just from a higher level, and the collapse will be that much greater now as a result of the huge sucker's rally we've had.”

Said on

18 December 2015 · Told CNBC on Friday, December 18, 2015

Source

The Peter Meter: Assessing Schiff's predictions · CNBC

Should come true

No date given

How sure they sounded

will

Categories

EconomyMarkets

Importance

4 of 5 · A collapse of the world's reserve currency would have major global consequences.

Outcome

Inaccurate

No window was given. Read as near-term (about two years, to end-2017), the dollar fell only modestly in 2017 after rising further in 2016, which is no crash. Read as a long-run call (about ten years, to end-2025), the trade-weighted dollar finished higher than in December 2015, despite a roughly 10% drop in 2025. No crash or collapse happened under either window.

Evidence:

• https://fred.stlouisfed.org/series/DTWEXBGS