4.7 • 5.8K Ratings
🗓️ 6 November 2023
⏱️ 60 minutes
🧾️ Download transcript
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0:00.0 | The Peter Shiff Show. |
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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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