Government Solutions Worsen Every Problem Government Creates – Ep 791
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 25 March 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
* Stocks are going up and down while gold is just going up.
* Bond prices are a function of government intervention and nothing else.
* Bitcoin, tech, and meme stocks caught up in bear market rally.
* Democrats’ Gas Rebate Act will fuel the inflation fire.
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Transcript
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| 0:00.0 | The Peter Shifx Show. |
| 0:09.2 | Today's podcast is sponsored by Novo. |
| 0:11.9 | Novo is powerfully simple business checking. |
| 0:15.1 | You're making something new with your business to support you. |
| 0:18.2 | Novo built a new kind of business checking. |
| 0:20.9 | So get your free business checking account in just 10 minutes at novo.co slash gold. |
| 0:27.0 | Today's near 350 point rally in the Dow Jones was not quite enough to offset a near 450 point |
| 0:35.2 | decline from Wednesday. |
| 0:38.1 | Same story with the Russell 2000 down yesterday gained over a percent today, but it didn't |
| 0:43.8 | quite get back to even. |
| 0:45.4 | However, it's a different story with the S&P and the NASDAQ. |
| 0:49.8 | Both of those indexes more than recovered yesterday sharp losses to finish the two days |
| 0:55.1 | higher as more money continues to move into the beaten down tech sector. |
| 1:00.4 | A lot of people are still convinced they're getting a bargain. |
| 1:03.3 | They're getting a deal. |
| 1:04.7 | They're buying these stocks on sale. |
| 1:06.8 | They have no idea how cheap these stocks are likely to get. |
| 1:10.5 | A lot of times too, when you see stuff go on sale, if you wait, it'll go on a bigger |
| 1:15.8 | mark down and then eventually close out. |
| 1:18.8 | And I think a lot of these tech companies are going to be on close out sale where you can |
| 1:23.3 | get much, much bigger discounts, not a 20 or 30 or 40 percent off sale. |
| 1:28.2 | But when you have real clearance and that's when you get the big discounts to 70, 80, 90 |
... |
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