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The Peter Schiff Show Podcast

A Soft Landing Is Impossible - Ep 932

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 18 November 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Shiff Show.

0:08.6

Today's podcast is sponsored by Mint Mobile.

0:11.1

Cut your wireless plan to just 15 bucks a month and get the

0:14.6

plan shipped to your door for free. Go to mintmobile.com slash gold.

0:19.7

Today's podcast is also sponsored by OxyHelp, the leading European-based manufacturer of

0:25.4

premium mono place and multi-place heart shell hyperbaric oxygen chambers.

0:30.6

If you want to live a longer and healthier life, go to oxyhealth.com and tell them that you were referred by Peter Schiff, and you'll get 10% off on any chamber that you buy.

0:41.0

Well, everything continues to be awesome on Wall Street now that investors are convinced

0:48.8

that the Fed has finished raising rates. But more than that, it's not just that the Fed is not going to hike rates anymore,

0:57.0

it's that it's going to start cutting rates next year.

1:01.0

And so the markets are excited because their drug pusher is going to be

1:07.3

shown up with more supply. You know, they've been away from the drug for a while,

1:12.4

the Fed's been hiking rates and that's not what the

1:14.9

markets want but now the markets are convinced that exactly what they need is

1:21.0

going to be supplied as early as next year and so you're

1:24.8

seeing that the averages the last podcast I did the markets were up they

1:29.5

continued to rise on the week the stars Stars, again the small cap Russell 2000 was up about 5.5% on the week.

1:38.8

That's about the same percentage gain that the gold stocks had. They finally came back from the dead

1:44.5

although you know if you look at a chart they barely resurrected they have a long

1:48.9

way to go but they had a good week. Gold itself was up about 40 bucks on the week. Again on the idea

1:56.8

that the Fed is finished raising rates. The broad of stock market not as strong.

2:01.9

I think you know the major averages may be up about

...

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