Elon Musk Replies to Peter Schiff’s Bitcoin Tweet – Ep 661

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 23 February 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Renewed momentum out of Covid stay-at-home stocks and into value stocks.
* Crude oil, industrial metals, and other commodities move higher.
* Tesla slips back into a bear market.
* Can Elon Musk convince Peter Schiff to buy Bitcoin?

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Transcript

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0:00.0	The Petership Show.
0:09.0	Today's episode of the Petership Show podcast is sponsored by NetSuite, the business management
0:14.8	software that handles every aspect of your business in an easy-to-use cloud platform.
0:21.5	You can schedule a free product tour right now at netsweeeth.com slash gold.
0:27.7	And by indeed, hiring is one of those things you don't want to mess up.
0:32.0	With the stakes high, there's only one choice.
0:34.8	Indeed, get started right now with a free $75 credit to upgrade your job post at indeed.com
0:42.4	slash Peter.
0:43.8	Offer valid through March 31st, Terms and Conditions apply.
0:48.4	The big market news of the day is the renewed momentum in the rotation out of the growth
0:56.7	a COVID stay at home type stocks into more value oriented stocks that a lot of investors
1:03.0	had completely overlooked during the mania of growth at any price.
1:08.6	In fact, what's really pressuring the growth trade is the relentless surge in long-term
1:15.2	interest rates and commodity prices, which continues today and really looks to have no
1:21.4	end in sight other than the Fed.
1:24.2	I mean, if the Fed doesn't step up to the plate big time, I don't see anything to stop
1:29.8	the rise in bond yields.
1:31.6	The yield on the 10 year today hit 1.37%.
1:37.4	That's where we closed the 30 year even a bigger move.
1:41.8	We closed it two spot one eight percent.
1:45.1	We're just under 2.2.
1:47.2	We'll probably be there by tomorrow.
	...

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