It Was the “Strong” Economy That Was Transitory – Ep 812

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 20 May 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Dow and S&P see biggest drop since the pandemic.
· Walmart was the jab. Target was the knockout punch.
· Swiss Franc and Japanese Yen show strength.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
0:02.4	If you want to listen to my podcast,
0:04.5	commercial free, the day I record them,
0:07.1	go to petershift.locals.com and sign up.
0:10.2	It only costs $5 a month.
0:12.2	The petershift show.
0:21.0	Today's podcast is sponsored by the Jeffrey M. Verdun Law Group.
0:24.9	For more than 20 years, I've been entrusting my personal estate,
0:28.1	planning and asset protection to the Jeffrey M. Verdun Law Group.
0:32.0	And you should too go to jmvlaw.com by July 15th.
0:36.3	And mention my name and you'll get 50% off your first consultation.
0:40.5	Today's podcast is also sponsored by Shopify.
0:43.6	Shopify is a platform designed for anyone to sell anywhere,
0:47.8	giving even the smallest entrepreneurs the resources once reserved
0:51.8	for just the biggest businesses.
0:53.6	For a free 14-day trial and full access to Shopify's entire suite
0:57.8	features, go to Shopify.com slash gold.
1:01.1	Well, the big story today is the near 1200 point drop in the Dow yesterday.
1:07.6	In fact, for both the Dow and the S&P,
1:10.5	it was the worst day since June of 2020
1:13.9	when we were deep in the pandemic.
1:16.3	But you know, more important than the Dow going down so much
	...

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