The Peter Shiff Show.

Today's podcast was recorded yesterday.

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On Friday we got another worst and expected inflation report in the form of the November

PPI.

Now, one of the reasons you know the report was worse than expected was that the markets

were all trading higher right before the report was released.

Now futures were up almost 200 points and gold was trading up over $10 back over 1800

announced the US dollar was lower because everybody expected the dollar to be weaker

and gold in the markets to be stronger once they received the good news that inflation

was coming down.

But once again, investors were disappointed by a hotter than expected report on inflation.

And again, it makes no sense to me that so many people expect inflation to be coming down

when nothing the Federal Reserve has done thus far is equal to the task.

In fact, it's not just that what the Fed has done is inadequate to reduce inflation.

But the US government itself has done nothing to reduce inflation.

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