Less Loose Will Lower Markets, Not Inflation – Ep 766

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 8 January 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Stock market off to a bad start for first week of trading in 2022.
* Fed minutes send bond markets tanking.
* Investors spooked out of speculative bets and into commodities.
* Inflation pressure building on producers and consumers.
* Workers fall further behind as prices increase faster than wages.
* Bitcoin chart looking ominous.
* El Salvador is underwater on their Bitcoin bet.
* Microstrategy balance sheet will soon have a big hole in it soon.
* Michael Saylor talks out of both sides of his mouth about US Dollar.
* NASA agrees, gold has intrinsic value.

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Transcript

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0:00.0	The Peter Ships Show.
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0:26.0	package.
0:27.0	The podcast is also sponsored by Tommy John.
0:30.3	Tommy John has the most comfortable all day wearable fabrics.
0:34.1	You deserve to lounge like a champ.
0:36.0	Get 20% off on your first order right now at TommyJohn.com slash gold.
0:41.3	One of the indicators a lot of people on Wall Street have traditionally looked to as a
0:46.6	determinant of how the market might perform during the year ahead is the first trading
0:54.0	week of January.
0:56.3	And we just finished the first week today and in fact all four of the major stock market
1:02.8	averages finished a down week down on the day.
1:07.4	The Dow actually held up the best.
1:10.1	It only lost about one third of a percent on the week.
1:14.3	S&P 500 on the other hand just under two percent down 1.9 percent.
1:21.0	Russell 2000 had an even worse week down 2.8 percent but the biggest decline of all
1:28.1	was registered by the NASDAQ which was down 4.5 percent on the week.
1:33.8	In fact the NASDAQ 100 started the year with the worst week since the year 2000 and that's
1:40.6	the year the tech bubble burst and the NASDAQ crashed.
1:44.4	So if this year is anything like that year it's a long way down.
	...

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