SchiffRadio Podcast Episode 2
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 15 September 2014
⏱️ 123 minutes
🧾️ Download transcript
Summary
* Economic Data - More weak data
* Purchase applications index declined by 7.2% - biggest decline in 14 years
* Treasury yields slightly up for the week
* Retail sales up - Buying more or paying more?
* auto purchases with cheap money
* inflation not taken into account
* Auto loans increasingly delinquent
* Fed Policy
* I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis.
* Interest Rates
* Negative Interest Rates in Japan and in Switzerland
* Inflation
* Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10
* Commentary on Henry Blodgett's inflation comments
* Column from David K. Johnson on how corporations are getting rich by paying taxes
* Employment
* Jobless claims up, indicating a trend change
* The Economy
* Recognizing bubbles ahead of the crisis
* Europe - Poll on Scottish independence
* Social Issues:
* The NBA in the hot seat for racism
* Over-reaction to the Ray Rice story
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Transcript
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| 0:00.0 | We've got a lot to talk about in today's podcast. |
| 0:03.8 | In addition to the usual discussion of Fed policy, |
| 0:06.9 | interest rates, employment, the economy, |
| 0:09.3 | we've got a lot of economic data that was released |
| 0:12.4 | during the week, but we're going to talk specifically |
| 0:14.8 | about what's going on in Europe. |
| 0:16.6 | We've got that poll regarding Scottish independence, |
| 0:19.9 | which they're going to be voting on next week. |
| 0:21.9 | We've got negative interest rates in Japan |
| 0:24.9 | and potentially in Switzerland as well. |
| 0:27.7 | And that has also taken a toll on those currencies |
| 0:31.0 | in the foreign exchange markets. |
| 0:32.3 | We're going to look at some comments from Paul Krugman |
| 0:34.9 | and Henry Blodgett, really some assinine comments |
| 0:38.0 | on inflation and on the Fed. |
| 0:40.3 | And also, speaking about assinine, |
| 0:42.3 | there's a column by David K. Johnson |
| 0:45.1 | that is actually he's making the case |
| 0:46.9 | that corporations are actually getting rich by paying their taxes. |
| 0:51.7 | Also, again, the NBA in the hot seat, |
| 0:54.9 | regarding some supposed racist comments |
| 0:57.8 | that were made in an email. |
... |
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