Fed And Markets Excuse Retail Bloodbath – Ep. 248
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 13 May 2017
⏱️ 25 minutes
🧾️ Download transcript
Summary
* A quick little announcement at the beginning of this podcast; I'm going to try to keep the length of these podcasts down to 20 minutes in the future
* It seems we have quite a bit of audience falloff after about 17 minutes
* We're also skipping our ads at the end in favor of more informative content about Euro Pacific Capital, SchiffGold, Goldmoney and Euro Pacific Bank.
* So I am going to do these shorter podcasts more frequently
* First of all, it's the RetailPocalypse, which I have been talking about on this podcast that, from my perspective - not just my perspective,
* In reality, the retail sector is in worse shape today than it was in 2008 during and immediately foll0wing the financial crisis
* We got a lot of bad news from the retailers this week
* Including JCPenny and Nordstrom's - horrible sales from these companies
* We had other retailers earlier in the week that came out with bad news
* Kohl's Department Store, Dillards
* Kohl's stock is at 36.5 as I record this
* That stock's high was $75-$80 in the summer of 2015
* So it's down 60% or so
* Dillard's is at a 52-week low today, at just under $47
* That was over $120 - more than a 50% decline
* Macy's was down another 3% today - a new 52-week low
* Macy's is at $23.60 -it was a $70 stock
* These are huge markdowns for retail stocks
* Look at Nordstrom's - down almost 11% today on the bad news
* $41.20 - Nordstrom's was an $80 stock is one of the best performers
* JCPenny is going to get the prize for the biggest decline overall
* This stock's been falling for a long time
* It closed today at $4.55
* A lot of people are very complacent - they say, "Oh, it's no big deal because it's all about e-commerce
* Everybody is shopping online
* Look at Amazon - Amazon stock hit a new 52-week high today
* All time high, not just a 52-week high
* Jeff Bezos is on the way to being the richest man in the world
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Transcript
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| 0:00.0 | The Peter Ships Show. |
| 0:09.4 | Quick little announcement at the beginning of this podcast, going forward, starting with |
| 0:14.8 | this podcast, I am going to try to keep my podcast to 20 minutes or less. |
| 0:23.2 | Now the main reason that I'm going to be doing this is we've been analyzing the podcast |
| 0:27.9 | and it seems like most people listen to about 17 minutes of my podcast. |
| 0:33.9 | Really doesn't matter how long they are, kind of like 17 minutes is about all the Peter |
| 0:38.8 | Ships and my audience could take. |
| 0:40.9 | Now maybe that's just the intention span of my audience. |
| 0:43.7 | I would have thought it would have been a little longer than that but compared to the |
| 0:46.7 | average American. |
| 0:47.9 | I think the fact that people are able to listen to 17 minutes straight of economics and |
| 0:53.9 | the markets and things like that, it probably shows that my audience is overall pretty intelligent. |
| 1:00.0 | But when I do these podcasts, sometimes I save a lot of good stuff for the end. |
| 1:04.0 | I mean there's a lot of things that I want people to get, a lot of information and people |
| 1:07.7 | are tuning out after 17 minutes, then I'm just wasting my breath. |
| 1:11.9 | So I'm going to try to do more shorter podcasts as opposed to these 30, 40 minute podcasts |
| 1:19.2 | where a lot of people aren't listening. |
| 1:21.1 | Also, I always put some advertisements at the end of these podcasts too and probably |
| 1:25.6 | nobody is sticking around for those. |
| 1:27.2 | So I may drop that and change the format and start adding some commentary about Europe |
| 1:33.0 | Pacific Capital or Shift Gold or Gold Money or Europe Pacific Bank or some type of promotional |
| 1:40.8 | material at the beginning of the podcast where people might actually hear about it and |
... |
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