The Fed Is Running Out of Minutes – Ep 778

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 17 February 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Economic data blows away expectations.
* Wages are a price and prices are going up because of inflation.
* Keynesians can’t even follow their own playbook.
* Real demand is determined by supply.
* Don’t take free heroin just because you don’t want to waste it.
* Fed hawks went the way of the dodo bird.
* Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy.

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Transcript

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0:00.0	The Peter Ships Show.
0:09.2	Today's episode is sponsored by NetSuite, the business management software that handles
0:13.4	every aspect of your business in an easy-to-use cloud platform.
0:17.6	Over 27,000 businesses already used NetSuite.
0:21.0	And for the new year, NetSuite has a new financing program for those ready to upgrade at
0:25.5	netsuite.com slash goal.
0:28.5	Another strong day in the gold market today, gold rose over $14.00 an ounce.
0:33.8	We closed at 1868, 50 or thereabouts.
0:37.4	I think this is the highest we've been in about eight months on the price of gold.
0:42.3	Silver prices also up today about 19 cents, closing at 23.54.
0:48.0	The mining stocks also had a strong day.
0:51.1	Think they're up about 3%.
0:53.2	Red higher by a 7.5% rise in barric gold, one of the largest gold producers in the world.
1:01.8	It reported better than expected earnings today, not only better earnings, but better
1:06.4	guidance.
1:07.4	The stock is now up 17% on the year.
1:11.4	I think it's also at about an eight month high.
1:15.2	But I think the entire sector remains undervalued.
1:18.6	I think a lot more positive surprises await this industry.
1:23.3	Higher gold and silver prices, higher copper prices.
1:26.8	Earnings are going to go up.
1:28.1	The outlooks are going to be raised.
	...

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