Government Help Has Made a Bad Situation Much Worse – Ep 632
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 2 December 2020
⏱️ 54 minutes
🧾️ Download transcript
Summary
*
Best November for the Dow since the roaring 20s.
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While stocks saw a boom, gold saw a bust.
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Negative backdrop may have firmed gold’s bottom.
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Bitcoin reaches new highs.
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Joe Biden is from the government and here to help.
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Transcript
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| 0:00.0 | This episode of the Peter Schiff Show podcast is sponsored by Indeed. |
| 0:14.1 | This year has challenged businesses across the globe to be their most efficient, which |
| 0:19.0 | means every hire is critical. |
| 0:21.8 | Indeed is here to help you finish 2020 strong. |
| 0:25.0 | Indeed is the number one job site in the world and you can get a $75 credit at a |
| 0:29.9 | D.com slash Peter terms. |
| 0:32.8 | It could this is apply and this offer is valid through December 31st. |
| 0:37.7 | Well we just kicked off the final month of 2020. |
| 0:41.8 | But before I get into what happened on the first day of December, I want to talk about |
| 0:46.2 | what happened during the month of November, which came to a conclusion yesterday, the Dow |
| 0:52.4 | Jones was up 11.8% in November. |
| 0:57.1 | This is the best November for the Dow since 1928. |
| 1:02.8 | So you got to go back to the roaring 20s to find a November that was as good as the one |
| 1:09.0 | that we just had. |
| 1:10.4 | Now as far as any month, November of 2020 was the single best month for the Dow Jones |
| 1:18.4 | since January of 1987. |
| 1:20.9 | And 87 was also a boom year for stocks. |
| 1:24.5 | Of course, until we had the bust in October of 87, that was the famous stock market crash. |
| 1:30.9 | But the reason the market crashed was because it was so high. |
| 1:34.2 | It had such a big run. |
| 1:36.0 | And January 1987 was part of that run. |
| 1:40.0 | Of course, not just the Dow, but all the indexes, the S&P and the Nasdaq. |
... |
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