Soaring Inflation Suppresses Consumer Confidence – Ep 741

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 16 October 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Markets turn risk on.
* Producer prices rise to levels not seen since peak inflation of the 1970s.
* Inflation is double the Fed’s benchmark now and will be triple by year end.
* Bitcoin rallies on ETF news, but will likely sell off on ETF launch.
* Putting profits first is putting people first.
* The Art Institute of Chicago fires their volunteer staff for the color of their skin.

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Transcript

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0:00.0	The Peter Ships Show
0:09.0	Today's podcast is sponsored by Ladder.
0:11.8	Ladder makes it fast and easy to get affordable term life insurance without leaving home.
0:17.1	Just go to LadderLife.com slash goal today to see if you're instantly qualified.
0:23.0	Today's podcast is also sponsored by Avast.
0:26.1	Avast.
0:27.1	Avast.
0:28.1	All in one solution, Avast.
0:29.1	One helps you take control of your safety and privacy online through a large range of
0:34.6	features.
0:35.6	You can learn more about Avast.1 at Avast.com.
0:39.3	It was definitely a risk on day on Friday.
0:43.4	In fact, everything was up except gold and US treasuries.
0:48.1	Now, of course, I don't look at US treasuries as being risk off.
0:52.9	I mean, personally, I think one of the riskiest things you could do with your money is buy
0:57.5	US treasuries.
0:59.1	But that perception is not generally shared yet in the investment community.
1:04.4	Although I think more and more people are being clued into the risky nature of US treasuries.
1:10.3	I think that is one of the reasons that the bond market is falling and will likely to
1:14.5	continue to fall.
1:16.0	So I think it's going to lose its status as being a risk off trade.
1:21.4	And I think the most important risk off asset that will be left standing will end up being
	...

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