The Peter Shiff Show.

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Hi everybody, it's another Sunday live

Peter Shift Show podcast.

I want to start out by wishing all of the mothers who listen to the podcast a happy

Mother's Day although I know that the demographic of my audience skews very

heavily male so not that many mothers percentage wise probably listening.

So guys, you could wish your mothers and your wives a happy Mother's Day on behalf of Peter Schiff and the Peter Schiff Show podcast.

It was a relatively quiet week, economic data wise, not much going on, but there were a couple of releases later in the week on Thursday and Friday that further support my stagflation analysis or assessment of the U.S. economy.

One was the weekly jobless claims, which really spiked up in the most recent week.

And I've always looked at these numbers with a lot of skepticism, because there's lots of layoffs that are constantly being

announced every week yet for some reason a lot of people who are being laid off

are not showing up on the unemployment rolls.

Well, in the most recent week, a bunch of them did,

because the prior week was 2009,000 first-time claims,

which was a slight upward revision from 2008,000 from the original

report. For 200. report for 200 and it went out it came out of 231,000. So that was a big increase not only

over expectations but over the prior a month. It's one of the

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