It’s Mission Impossible for the Fed – Ep 777
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 12 February 2022
⏱️ 62 minutes
🧾️ Download transcript
Summary
* Value stocks becoming the new momentum stocks.
* Previous momentum stocks pick up momentum in the wrong direction.
* Bitcoin’s reaction to Russia Ukraine tensions prove it’s the opposite of a safe haven.
* Consumer sentiment at its gloomiest in 11 years.
* Worst inflation numbers since 1982.
* Companies like Peloton hiding their price increases in delivery and service fees.
* Government is deliberately cooking the books on the CPI.
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Transcript
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| 0:00.0 | The Peter Ships Show. |
| 0:09.2 | Today's podcast is sponsored by ExpressVPN. |
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| 0:26.6 | subscription package. |
| 0:28.3 | The podcast is also sponsored by TrueNiogen. |
| 0:31.6 | TrueNiogen helps fuel the cells energy engines, maintain cellular metabolism and even supports |
| 0:38.3 | a healthy heart in combination with a healthy lifestyle. |
| 0:42.0 | And now you can save 20% on your first purchase at trueNiogen.com slash Peter using the |
| 0:47.9 | promotional code Peter. |
| 0:49.7 | These statements have not been evaluated by the Food and Drug Administration. |
| 0:52.8 | This product is not intended to diegnaustry cure or prevent any disease. |
| 0:57.1 | A lot has happened in the two days since I recorded my last podcast on Wednesday. |
| 1:03.3 | All sorts of news came out on Thursday and Friday. |
| 1:07.2 | Lots of action in various markets. |
| 1:09.4 | So I'm going to get started with what happened on Friday and work my way backwards to Thursday. |
| 1:16.3 | First of all, Friday the market's really got clobbered. |
| 1:19.0 | The Dow Jones finished the day down just over 500 points. |
| 1:23.7 | In fact, we had a huge two-day drop on Thursday and Friday more than wiping out the gains |
| 1:30.7 | on the week that had been enjoyed earlier. |
| 1:34.0 | In fact, over the last two days, the Dow Jones is down 2.9%. |
... |
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