Good Politics Is Bad Economics – Ep 803
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 27 April 2022
⏱️ 53 minutes
🧾️ Download transcript
Summary
· NASDAQ has weakest day since September of 2020.
· Indonesia bans palm oil exports.
· Bad politics are good for the economy.
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Transcript
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| 0:00.0 | The Peter Ships Show. |
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| 0:53.3 | When I recorded my last podcast on Friday after the close with the Dow down better than 900 |
| 0:59.8 | points, I thought we could be in for a pretty rough Monday. |
| 1:03.4 | I was particularly concerned about the tech stocks and I thought investors in tech should |
| 1:08.0 | have been very worried over the weekend. |
| 1:10.6 | And it looked like I was going to be correct on Monday because Sunday night, the futures |
| 1:15.8 | were down, Nasdaq futures were down pretty good. |
| 1:19.3 | And the markets opened lower on Monday morning, but then we got a reversal. |
| 1:24.9 | The markets actually closed positive both the Dow and the Nasdaq. |
... |
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