Investors are as Clueless as Pollsters – Ep 624
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 5 November 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Blue wave barely makes a splash.
Wall Street content with the election results.
Biden will reregulate what Trump deregulated.
Biden regulations will take toll on workers.
China and pharmaceutical companies optimistic on Biden.
Pot stocks get smoked.
Ranked voting would blow open the Democrat and Republican duopoly.
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Transcript
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| 0:00.0 | I like to thank Indeed for sponsoring this episode of the Peter Shif Show podcast. |
| 0:14.6 | And right now small businesses have to be more efficient than ever, especially given |
| 0:19.8 | all the new regulations they're likely to have to comply with in a Biden administration. |
| 0:26.2 | Therefore every hire is going to be critical. |
| 0:29.6 | Indeed is the number one job site in the world. |
| 0:33.7 | And right now you can get a free $75 credit at indeed.com slash Peter. |
| 0:40.8 | Terms and conditions apply and the offer is only valid through December 30th. |
| 0:45.6 | Well one thing that we now know for sure and that's that the polls were horribly wrong. |
| 0:51.0 | They were as wrong this time as they were in 2016. |
| 0:56.0 | In fact they may have even been more wrong. |
| 0:59.2 | Now as of now Trump did lose the election but just barely. |
| 1:05.2 | I mean he lost the popular vote by about 3 million votes but that was to be expected |
| 1:10.8 | but was not expected by the polls was how close the race was in how many of these swing |
| 1:17.6 | states. |
| 1:18.6 | In fact many of the swing states that the president was supposed to lose he ended up winning. |
| 1:24.0 | And as of right now he trails vice president Biden or future president Biden by I think |
| 1:30.6 | two electoral votes Joe Biden barely has the 270 votes necessary to win. |
| 1:39.3 | And I think Donald Trump has already declared that he suspects fraud. |
| 1:44.7 | He is probably ordering recounts in several of these very close states. |
| 1:49.9 | And so the outcome of the election is somewhat in jeopardy. |
| 1:54.8 | Although I doubt that the challenge will succeed and it does look very likely that as I have |
| 2:01.9 | feared from the beginning that Joe Biden will be the next president of the United States. |
... |
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