2022 Kicks off the Great Rotation – Ep 768

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 15 January 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Oil prices headed for record highs.
* Massive rotation from growth stocks to value stocks in effect.
* Investors rushing to dump Cathie Wood’s ARKK fund.
* Grayscale Bitcoin Trust follows growth stocks decline.
* Gold will follow oil’s breakout.
* Lael Brainard should be fired, not promoted.
* The Fed is saving some jobs… the unproductive ones.
* Quantitative Easing has a disproportionately negative impact on minorities.

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Transcript

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0:00.0	The Peter Ships Show
0:08.7	Today's podcast is sponsored by True Bill.
0:11.7	$5 here, $10 there.
0:13.8	Those monthly subscriptions often feel like a great deal until you forget about them.
0:18.5	So get your subscriptions under control with True Bill.
0:21.8	Go right now.
0:22.8	TrueBill.com slash gold.
0:25.0	It could save you hundreds of dollars a year.
0:27.8	On my last podcast, we went over the final CPI numbers for 2021.
0:34.2	7% is where we ended up.
0:36.9	The highest reading since 1982.
0:41.1	And of course, if we still measured consumer prices using the same CPI that we had in 1982,
0:48.4	it would have been about 15%.
0:50.6	The worst year ever for inflation.
0:53.5	Well today I want to start off talking about the producer prices because on Thursday,
0:59.0	we got the December numbers.
1:01.2	And in fact, this number was actually up a little less than estimates on the headline.
1:08.3	They were looking for an increase of 0.4, which would have followed 0.8 for the prior
1:14.7	month.
1:15.7	Now, the prior month, November, was actually revised upward to 1%.
1:19.8	But we only got a 0.2% increase for December.
1:24.6	And so that meant that the year over year increase was 9.7%, which was higher than the 9.6%
	...

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