The Fed Brought a Knife to an Inflation Gun Fight - Ep 873

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 19 February 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· People who think that we've seen the worst of inflation are wrong.

· Surge in credit card debt proves labor market is weak.

· Ronald Reagan’s tax system was the closest we’ve been to a flat tax since 1913.

· Presidents’ Day is about honoring George Washington, not Joe Biden.

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Transcript

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0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
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0:22.1	Today's podcast is also sponsored by Clearcom.
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0:29.2	www.clearcom.com.
0:32.1	That's clear.
0:33.1	C-O-M-P.com to book a demo.
0:35.8	Tell them Peter Shiff sent you.
0:37.8	Today's podcast is sponsored by HelloFresh.
0:40.0	Go to hellofresh.com slash gold 65.
0:43.1	Use the promo code gold65 for 65% off plus free shipping.
0:48.7	Despite a lot of bad economic news that came out this week, both before and after I did
0:54.7	my earlier podcast on the week, the markets actually held up pretty well.
1:00.2	In fact, the Nasdaq and the Russell 2000 were actually positive on the week and the Dow Jones
1:06.9	was barely negative.
1:08.4	It fell less than one tenth of 1%.
1:11.3	The S&P was down less than a third of 1%.
1:15.7	Moving in the opposite direction, the Nasdaq in Pazit was up about a half a percent and
1:21.2	the Russell 2000 rose by 1.5%.
	...

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