Davos Investors Are Skiing Towards a Debt Cliff - Ep 867

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 21 January 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Growth stock will rollover and make new lows in 2023.

· Gold hit new 9 month high on the week.

· While tech stocks are rising, their headcounts are falling.

· New economic data blows away low-end expectations.

· 2023 could be one of the worst years ever for the dollar.

· Politicians and central bankers waste public money being hypocrites at Davos.

· Netflix documentary on Bernie Madoff proves more regulation won’t help us.

Cut your wireless bill to $15 a month at https://mintmobile.com/gold

Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.

Invest like me: https://schiffradio.com/invest

RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/

Schiff Gold News: http://www.SchiffGold.com/news

Buy my newest book at http://www.tinyurl.com/RealCrash

Follow me on Facebook: http://www.Facebook.com/PeterSchiff

Follow me on Twitter: http://www.Twitter.com/PeterSchiff

Follow me on Instagram: https://Instagram.com/PeterSchiff

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
0:12.1	If you want to listen to my podcast, Commercial Free, the day that I record them, go to
0:17.0	shiffradio.com slash premium.
0:19.6	It only costs $5 a month.
0:21.9	Today's podcast is sponsored by Mint Mobile.
0:24.6	Cut your new wireless plan to just $15 a month and get the plan shipped to your door for
0:29.6	free.
0:30.6	Go to MintMobile.com slash goals.
0:32.9	All of the major stock market averages in the US finish the day with strong gains on
0:38.8	Friday.
0:39.8	The Dow Jones industrial is up better than 330 points.
0:44.5	That is a 1% gain.
0:47.1	The S&P 500 rose by 1.9%.
0:51.5	The Russell 2000 1.7% and the NASDAQ was up 2.8% on the day.
0:59.2	In fact, the NASDAQ is the only one of those 4 market indexes to finish the week in the
1:05.6	black.
1:06.6	The other 3 indexes lost ground on the week despite recovering most of those losses on Friday.
1:13.8	In fact, all 4 of these indexes still have gains on the year.
1:19.5	What's going on so far in 2023 is you're seeing a reverse rotation out of the value oriented
1:30.4	stocks that did well in 2022 into the beaten down growth oriented stocks that fell apart
1:38.5	in 2022.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.