Markets Are Not Buying What the Fed Is Selling – 670
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 20 March 2021
⏱️ 48 minutes
🧾️ Download transcript
Summary
* St. Patrick’s Day green turns into a sea of red.
* CPI is another government lie.
* Markets worried the Fed will fight inflation.
* Gold mining stocks strengthen.
* Tensions rise as China puts Biden administration in a PR box.
* The same problems are now playing out on a bigger stage.
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Transcript
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| 0:00.0 | I'd like to thank Bambi for supporting the Peter Schiff Show podcast. |
| 0:13.8 | HR manager salaries can average over $70,000 a year, but only Bambi gives you a dedicated |
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| 0:31.3 | That's bambi B-A-M-B-E-E dot com slash goal. |
| 0:37.5 | Well, the same Patrick's Day green that was on everybody's screens on Wednesday turned |
| 0:44.0 | into a sea of red on Thursday. |
| 0:47.3 | And if you remember the podcast I did on Wednesday, I said that I didn't think the market |
| 0:53.0 | would ultimately take pals or the Fed's comments as a positive because I didn't think the |
| 1:00.2 | Fed was dovish enough. |
| 1:03.1 | Even though it was the most dovish Fed statement and the most dovish press conference I've |
| 1:09.9 | ever seen, of course, the next one will be even more dovish because we get progressively |
| 1:16.1 | more dovish with each and every Fed meeting. |
| 1:19.5 | But the reason I said that I didn't think the Fed was dovish enough was that they didn't |
| 1:24.1 | come clean and they didn't confess that the Fed is going to expand its asset purchase |
| 1:31.3 | program to stop long-term interest rates from rising because without that commitment, long-term |
| 1:38.6 | interest rates are going to keep going up. |
| 1:40.7 | In fact, it's not just a commitment because in this case, actions really will speak louder |
| 1:46.8 | than words. |
| 1:47.8 | The Fed can't just talk about putting a ceiling on interest rates. |
| 1:52.4 | The Fed is actually going to have to build that ceiling by going into the bond market and |
| 1:57.8 | buying up these treasuries that everybody else wants to get rid of because what happened |
... |
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