Consumers Worried About Inflation. Investors Worried About the Fight. – Ep 810

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 15 May 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· More downside to go as investors panic buy stocks.
· Robinhood will ultimately go bankrupt.
· Jerome Powell gets reappointed as Fed chair.
· Consumers are borrowing more, despite rate hikes.
· Oil positioning for a big move up.

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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.
0:12.2	The petershift show.
0:21.2	Today's podcast is sponsored by the Jeff Burdon Law Group.
0:24.8	For more than 20 years, I've entrusted my personal estate planning
0:28.6	and asset protection to the Jeff Burdon Law Group.
0:31.6	And you should too.
0:32.7	Go to jmvlaw.com and mention my name and get 50% off
0:37.9	on your initial consultation.
0:40.1	Friday to the 13th did not turn out to be an unlucky day
0:43.9	for the stock market.
0:45.3	All of the major stock market averages
0:47.7	enjoyed big rallies on Friday.
0:51.1	Of course, these are the type of rallies
0:53.2	that you expect to occur in bear markets.
0:56.4	Sometimes during bear markets, investors panic to buy.
0:59.9	They don't panic to sell until the end of the bear market.
1:03.5	And despite the carnage, I have not really
1:05.8	seen any indications of panic selling.
	...

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