A Debate to Forget – Ep 615
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 1 October 2020
⏱️ 59 minutes
🧾️ Download transcript
Summary
Silver down on the month, but outperforms stock market on the quarter.
Stephen Roach speculates 35% collapse in the US dollar in 2021.
Paying taxes is nobody’s patriotic duty.
Home appraisers aren’t racist.
Democrats pissed they can’t put black people deeper into debt.
Biden wins the first debate by simply proving he’s not senile.
Trump defends the indefensible about healthcare.
Biden dodges questions about Supreme Court and Green New Deal.
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Transcript
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| 0:00.0 | The Petership Show. |
| 0:09.0 | Today's episode of the Petership Show Podcast is sponsored by NetSuite. |
| 0:13.8 | The business management software that handles every aspect of your business in an easy-to-use |
| 0:19.6 | cloud platform. |
| 0:21.4 | You can schedule your free product tour right now at netsuite.com slash goal. |
| 0:28.4 | Well today was the final trading day of the month and of course when you finish up |
| 0:33.3 | September you also finish up the third quarter. |
| 0:38.1 | This was a relatively weak month. |
| 0:42.0 | In fact this was the worst September since 2011. |
| 0:47.2 | The S&P ended up down about 4% for the month. |
| 0:54.0 | Now didn't quite do as bad. |
| 0:55.7 | It was only down about 2%. |
| 0:57.7 | The Nasdaq, the bigger loser, down about 5% on the month, the Russell 2000, down about |
| 1:04.0 | 3 to 1,5%. |
| 1:05.1 | But even though it was a down month, it was an up quarter. |
| 1:09.6 | The S&P did gain about 8 and a half percent during the third quarter. |
| 1:15.0 | Down not quite as good about 7 and a half percent. |
| 1:17.5 | The Nasdaq still managed an 11% gain during the third quarter and bringing up the rear |
| 1:23.4 | again. |
| 1:24.4 | The Russell 2000 up just 4 and a half percent on the quarter. |
| 1:27.6 | Again, I keep pointing out the weakness in this index. |
| 1:32.0 | This is the index that is most closely correlated with the domestic economy, with the US businesses. |
... |
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