Recession Will Make the Inflation Problem Worse – Ep 779

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 19 February 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Supply will decrease faster than demand.
* Fed will fight recession with more inflation.
* Democrats bribing voters with gas tax holiday.
* American investors watching their wealth evaporate.
* Falling Bitcoin proves it’s a poor hedge against the rising inflation.
* Russia invading Ukraine is the noise. Inflation is the music.
* Dry powder in cash is getting wet.
* The trend is not your friend if you’re Cathie Wood.

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Transcript

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0:00.0	The Peter Ships Show
0:07.0	Today's podcast is sponsored by Ladder.
0:11.7	Ladder makes it fast and easy to get affordable term life insurance without leaving home.
0:16.8	Just go to ladderlife.com slash goal today to see if you're instantly approved.
0:21.8	Today's podcast is also sponsored by Tommy John.
0:24.9	Tommy John underwear moves with you thanks to breathable, lightweight, moisture wicking
0:29.7	fabric that has four times as stretch of competing brands.
0:33.4	And right now you can get 20% off on your first order at Tommy John.com slash goal.
0:39.8	See the site for details.
0:41.4	The air continues to come out of the stock market bubble.
0:45.8	All of the major stock market indexes finished Friday and the week solidly down.
0:52.7	What is driving this selling other than the fact that the markets are overpriced is the
0:57.9	realization that interest rates are going to rise more than investors had anticipated.
1:04.7	In fact, if you look at a lot of these big Wall Street firms, they are ratcheting up the
1:09.4	expected number of rate hikes for 2022.
1:12.8	In fact, the highest estimates I've now seen for rate hikes is 10.
1:18.4	And that may sound like a big number.
1:20.0	Oh my God, the Fed is going to hike rates 10 times in 2022.
1:25.6	That's how serious they are about fighting inflation.
1:28.8	These guys are really on the job.
1:30.3	They are inflation fighters.
1:32.1	They're going to go medieval on inflation.
	...

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