<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>quags</author><text>If we go by another Peter, Peter Lynch in this case he would say no one can predict inflation or interest rates long term. Secondly his words is there is always something to worry about when investing - like when oil went to 40 and there would be a depression or when Japan was going to take over the world leading to Americas downfall - or when Japan was crashing and going to cause a depression. Or when oil went from 40 to 10 and would cause a depression. Or when in 82 the prime rate went to 20 and there was stagflation that no one predicted in 80 or 81. Now Schiff may be right and we are heading for this finally after years of slow growth from 2010-2018 when inflation was lower than the feds target of 2% something no one would have predicted in 2008. Schiff may be right after predicting multiple large depressions to finally get one right.</text><parent_chain><item><author>fyzix</author><text>History never repeats itself, but it does often rhyme.&lt;p&gt;We cannot have a decade of 0% interest rates and expect no consequences. Peter Schiff predicted this from the moment the fed bailouted the banks in 2008.&lt;p&gt;There&amp;#x27;s nothing the fed can do to escape this one, it&amp;#x27;s either massive inflation or massive recession. The fed has avoided the latter by bailing out the banks again so expect double digit inflation for the next decade.&lt;p&gt;PS: My personal CPI (rent + food) is 23% so I&amp;#x27;m already experiencing this. I would advise everyone to calculate their personal CPI because that&amp;#x27;s what affects your standard of living...The government numbers are rigged and everyone&amp;#x27;s reality differs...</text></item></parent_chain></comment><story><title>Reasons the banking crisis isn’t a repeat of 2008</title><url>https://www.chase.com/personal/investments/learning-and-insights/article/tmt-march-twenty-four-twenty-three</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>paulpauper</author><text>&lt;i&gt;Peter Schiff predicted this from the moment the fed bailouted the banks in 2008.&lt;/i&gt;&lt;p&gt;He predicted dollar collapse, hyperinflation for 11 years, and a bunch of other stuff the didn&amp;#x27;t come true. Major broken clock syndrome on his part. Inflation finally spiked, but after being wrong since 2008. Gold still has not done much in a decade. The inflation was from the post-covid recovery, which was so strong that supply chain could not  keep up, not as a consequence of 2008.&lt;p&gt;It&amp;#x27;s very easy to predict something will eventually happen. Anyone can do that. Way harder to predict when,</text><parent_chain><item><author>fyzix</author><text>History never repeats itself, but it does often rhyme.&lt;p&gt;We cannot have a decade of 0% interest rates and expect no consequences. Peter Schiff predicted this from the moment the fed bailouted the banks in 2008.&lt;p&gt;There&amp;#x27;s nothing the fed can do to escape this one, it&amp;#x27;s either massive inflation or massive recession. The fed has avoided the latter by bailing out the banks again so expect double digit inflation for the next decade.&lt;p&gt;PS: My personal CPI (rent + food) is 23% so I&amp;#x27;m already experiencing this. I would advise everyone to calculate their personal CPI because that&amp;#x27;s what affects your standard of living...The government numbers are rigged and everyone&amp;#x27;s reality differs...</text></item></parent_chain></comment><story><title>Reasons the banking crisis isn’t a repeat of 2008</title><url>https://www.chase.com/personal/investments/learning-and-insights/article/tmt-march-twenty-four-twenty-three</url></story>