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The Peter Schiff Show Podcast

Printing Money Matters – Ep 580

The Peter Schiff Show Podcast

Peter Schiff

Business News, Business, Investing, News, Politics

4.65.9K Ratings

🗓️ 3 June 2020

⏱️ 71 minutes

🧾️ Download transcript

Summary

Government policies destroy the economy and enable racial injustice. Capitalism is the solution.

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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Schiff Show.

0:09.9

We had another big rally today in the stock market.

0:13.0

The Dow was up 527 points.

0:16.2

In fact, we're now back above 26,000 for the Dow, 26,266 points for the Dow.

0:26.5

But all of the major stock market indexes were positive today.

0:32.2

Big gains.

0:33.2

In fact, the S&P 500 is now only down about 3.5%.

0:38.1

I think so far this year.

0:39.7

The NASDAQ is actually up almost 8% on the year.

0:44.3

Think about that.

0:46.0

If anybody had told you, at the end of last year, what was going to happen this year,

0:53.7

that you were going to guess where the stock market might be at this particular point

0:58.6

in time, not money people would think, well, the S&P will barely be down the NASDAQ will

1:04.4

be having a good year.

1:06.0

Think about what has happened in this year.

1:09.2

Because when 2019 ended, everybody was very optimistic.

1:14.1

The economy was booming.

1:16.0

We had a great trade deal with China.

1:19.2

Trump's going to get reelected.

1:21.2

A recession is nowhere in sight.

1:23.6

The market was at record highs.

1:25.4

Unemployment was at record lows.

...

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