Recession Rears Uglier Head Than Inflation – Ep 821

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 23 June 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Dow Jones just did something it hasn't done since the great depression.
· Rates in the UK and Japan headed higher.
· Weakness and volatility in crypto markets.
· Government moves to ban Juul vapes.
· Jerome Powell uses politics as an excuse.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
0:02.4	If you want to listen to my podcast commercial free,
0:05.7	the day I record them, go to petershift.locals.com and sign up.
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0:12.2	The petershift show.
0:17.2	Today's podcast is sponsored by Indeed.
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0:26.9	interview and hire all in one place.
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0:34.7	Plus earn up to $500 extra in sponsored job credits
0:38.6	with Indeed's virtual interviews.
0:40.3	Visit Indeed.com slash Peter to learn more.
0:43.6	It's been a full week since I recorded my last podcast,
0:47.6	which was on the Wednesday that the Federal Reserve
0:50.6	didn't surprise anybody with its surprise 75 basis point
0:55.3	interest rate hike.
0:56.7	Something the Fed hadn't done in 30 years
0:59.8	in order to get tough on inflation.
1:02.7	And in response to the Fed finding its inflation
1:06.6	fighting Mojo, Wall Street celebrated.
1:09.7	They thought this was a good thing that the Fed was finally
	...

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