A Tale of Two Dollars – Ep 826

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 17 July 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Consumer prices reported hotter than expected.
· Dollar is rising on the greater fool theory.
· Inflation is not a product of expectations.
· It's good politics to talk about fighting inflation. It's horrible politics to actually fight it.
· Investors sheltering in the U.S. dollar abroad are in for a rude awakening.

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Transcript

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1:04.0	The day after we got that hotter than expected, 1.3% increase in June consumer prices, 9.1%
1:14.7	year over year.
1:16.4	The next day we also got a hotter than expected increase in June producer prices.
1:23.4	The markets had been expecting producer prices to rise by 0.8% of a percent in June.
1:31.4	And that would have matched the 0.8% increase in the prior month.
1:37.9	The range of expectations was from 0.6 to 0.9.
	...

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