Recession Deniers Waking up to Reality – Ep 828

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 24 July 2022

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· More data pointing to a worsening economy.
· ECB hikes rates for first time in 11 years.
· Dollar looks to have topped out.
· Gold looks to have bottomed.
· Tech companies hurting as advertisers flee.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
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0:39.8	When I recorded my last podcast on Wednesday,
0:43.1	I specifically pointed out a lot of misplaced optimism
0:47.5	that had been driving the rally in stocks
0:50.3	and were pressuring the price of gold.
0:53.3	Well, on Thursday and Friday following that podcast,
0:57.1	we got more economic data and corporate earnings news
1:01.7	that supported my thesis that the optimism was indeed unfounded.
1:07.4	First of all, on Thursday,
1:09.3	we got the latest report on the weekly first time
1:13.4	unemployment claims.
	...

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