Peak Inflation Is Nowhere in Sight – Ep 763
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 24 December 2021
⏱️ 72 minutes
🧾️ Download transcript
Summary
* Santa Claus rally comes early.
* Even Fed’s sugarcoated data shows inflation twice has high as their target.
* Gold may be turning its $1800 ceiling into a floor.
* Bitcoin pumps with risk assets.
* Record GBTC discount shows investors are losing interest in Bitcoin.
* Inflation will peak when people least expect it.
* Elon Musk wrote the biggest tax check to the US government in history.
* Elizabeth Warren is a freeloader.
Go to https://bambee.com/gold to schedule your FREE HR audit.
INVEST LIKE ME: https://schiffradio.com/invest
RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/
SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash
Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://Instagram.com/PeterSchiff Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Peter Ships Show. |
| 0:09.2 | Today's podcast is sponsored by Bambi, HR Managers Ain't Cheap. |
| 0:14.1 | Their salaries average $70,000 a year. |
| 0:17.9 | So go to bambi.com slash goal today to schedule your free HR audit. |
| 0:23.8 | I want to wish all of my listeners a Merry Christmas. |
| 0:27.4 | I am recording today's podcast on Thursday afternoon after the US stock market has closed. |
| 0:36.3 | Tomorrow is Christmas Eve Day, but because Christmas falls on a Saturday, it is being |
| 0:43.3 | observed tomorrow and the US stock exchanges are closed in observance of the Christmas |
| 0:50.2 | Day holiday. |
| 0:51.2 | So the week has come to an end and the Santa Claus rally has certainly come early on Wall Street. |
| 0:58.7 | The question is, will it continue next week or will the Grinch arrive? |
| 1:04.3 | The Dow Jones was up 1.5% on this holiday short and week, but the S&P rose by 2.2%. |
| 1:13.1 | The reason for the outperformance were the tech stocks. |
| 1:16.8 | They had a big week. |
| 1:17.8 | That's why the Nasdaq composite was up 3.5%. |
| 1:23.3 | Not too far behind was the Russell 2000 up 3.2%. |
| 1:28.2 | Of course the tech stocks and the small cap stocks had gotten beaten up more going into |
| 1:33.9 | this week, so they benefited more from the rebound. |
| 1:37.5 | But it wasn't just stocks going up. |
| 1:40.0 | Pretty much everything went up. |
| 1:42.0 | Oil prices were up about $3 per barrel on the week. |
| 1:46.3 | Now back above $70 a barrel, we closed almost $74.73.82. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.