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The Peter Schiff Show Podcast

Fed Won’t Achieve Either Mandate - Ep 929

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 6 November 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

The Peter Shiff Show.

0:08.4

Today's podcast is sponsored by Express VPN.

0:11.6

Your data is your business.

0:13.5

Express VPN gets rid of all those things you hate about VPNs.

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0:19.6

Go to Express VPN, eXPR E, B, dot com slash gold and get an extra three months free.

0:27.0

Today's podcast is sponsored by Shopify. Shopify is a platform designed for anyone to sell anywhere giving entrepreneurs like

0:33.8

myself the resources once reserved for just big business sign up for a

0:38.2

one dollar per month trial at shopify.com slash gold all case. I had a good time at the New Orleans

0:45.6

Investment Conference and a lot of stuff was going on while I was away I was

0:50.2

kind of dying to really do a podcast but I was busy and I had a chance to talk about some of these issues in front of a live audience,

1:00.0

but probably the biggest data point of the week

1:04.3

was on Friday when we got the official government

1:09.2

non-farm payroll report for October.

1:14.0

And you know, one of the things that everybody is repeating,

1:20.0

Fed Chairman Powell repeated it at his press conference on Wednesday.

1:25.0

I'll get to that a bit later in the podcast, but President Biden continues to repeat this

1:31.6

mantra that we've got a strong labor market. We've got very low

1:36.9

unemployment. We're creating all these jobs. We've got this resilient economy thanks to this very robust, very strong labor market.

1:49.0

And once again, or maybe not once again, but we finally got a report that really throws a lot of cold

1:57.0

water in the face of that narrative. And you know, we've had a lot of reports that have come out where they were beats and then they would get

2:06.9

revised down the the following month but I was always dissecting these

...

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