Atlanta Fed Finally Forecasts Recession – Ep 823

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 3 July 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Atlanta Fed blindsided with negative GDO numbers.
· Labor force participation rate near its lows.
· Biden’s approval rating reaches new low.
· Gold investments will pay off big.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
0:02.4	If you want to listen to my podcast,
0:04.5	commercial free, the day I record them,
0:07.1	go to petershift.locals.com and sign up.
0:10.2	It only costs $5 a month.
0:12.3	The petershift show.
0:17.1	Today's podcast is sponsored by Shopify.
0:23.5	Shopify is a platform designed for anyone
0:25.8	to sell anywhere, giving entrepreneurs like myself
0:28.6	to resources once reserved for just big businesses.
0:31.5	And right now you can get a free 14 day trial
0:33.8	and get full access to Shopify's entire suite of features
0:36.7	by going to Shopify.com slash gold.
0:39.6	On Thursday of this week, June 30th,
0:42.3	it was the final day for the second quarter.
0:45.2	But before I kind of wrap up what happened
0:47.6	during the markets in the second quarter,
0:49.8	I want to talk about really the most significant item
0:52.9	that I believe came out on that day.
0:56.1	And that was the Atlanta Fed's revision of its estimate
1:00.9	for Q2 GDP.
1:02.8	Now I have been forecasting pretty much all quarter
	...

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