4.7 • 5.8K Ratings
🗓️ 27 June 2021
⏱️ 47 minutes
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0:00.0 | I'd like to thank True Nijin for supporting my podcast. |
0:13.1 | True Nijin fuels the body's energy engines, maintains cellular metabolism, and even supports |
0:20.1 | a healthy heart. |
0:21.6 | And now you can get 10% off your first purchase as a new customer at TrueNijin.com slash |
0:28.5 | Peter using promo code Peter. |
0:31.5 | These statements have not been evaluated by the Food and Drug Administration. |
0:35.6 | This product is not intended to diagnose, treat, cure, or prevent any disease. |
0:41.0 | Well, all of the US stock market index has finished higher on the week. |
0:46.8 | In fact, the S&P 500 closed the week at a new all-time record high at a 2.7%. |
0:55.4 | This is a big reversal from the prior week where the S&P dropped almost 2%. |
1:02.3 | And the big difference between last week and this week was last week everybody was worried |
1:08.7 | that the Fed was going to fight inflation. |
1:11.2 | This week they're not worried that the Fed is going to fight inflation because they |
1:14.6 | don't think there's any inflation to fight because they pretty much have decided that |
1:19.8 | the Fed is right and that inflation is transitory. |
1:24.1 | And because inflation is transitory, the Fed is not going to have to do anything about |
1:30.0 | the inflation. |
1:31.0 | Yes, interest rates will eventually rise slightly, who knows when, a monetary policy will not |
1:37.2 | be quite as easy as it is now. |
1:40.2 | But the Fed is never going to really have to slam on the break because there is no inflation, |
1:45.1 | problem either now or on the horizon. |
1:47.7 | Sure, prices are moving up now, but it's nothing to worry about because it's all transitory. |
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