The Fed Will Lose an Inflation Fight – Ep 775

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 5 February 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Surprise earnings send Nasdaq on a roller coaster.
* Companies are paying the price for not raising their prices.
* Bitcoin trading above $40k, perhaps for the last time.
* $10/gallon gasoline on the horizon.
* Rising Euro will be problematic for the US economy.
* Jobs report reveals strength in inflation, not the labor market.
* Gold market shows investors are waking up to the Fed’s failing inflation fight.
* Markets punish discrimination; government rewards discrimination.
* Washington DC should pick a more appropriate name for their football team.

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Transcript

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0:00.0	The Peter Ships Show.
0:09.1	Today's podcast is sponsored by Shopify.
0:12.1	Shopify is a platform designed for anyone to sell anywhere.
0:15.8	Giving small entrepreneurs the resources once reserved for just the biggest businesses.
0:21.0	And right now you can get a free 14 day trial and full access to Shopify's entire suite
0:26.5	of features by going to Shopify.com slash gold.
0:30.6	And I'd also like to introduce and thank a brand new sponsor.
0:34.5	Babbles 15 minute lessons makes it the perfect way to really learn a new language on the
0:39.6	go.
0:40.6	When you purchase a three month Babble subscription, now you can get an additional three
0:44.6	months for free.
0:46.0	That's six months for the price of three.
0:48.4	Just go to babble.com and use the promo code gold.
0:52.5	Stocks went on a roller coaster ride on Thursday and Friday.
0:57.3	Of course, the biggest moves were reserved for the NASDAQ.
1:01.2	And of course, within the NASDAQ, it was the most overpriced and highly speculative stocks
1:06.7	that went on the wildest ride.
1:09.0	And it got started on Wednesday night.
1:12.0	In fact, I spoke about it on the podcast I recorded on Wednesday evening when meta formerly
1:18.4	known as Facebook came out with disappointing earnings and meta was down about 20% in after
1:25.9	hours trading.
1:27.3	And it dragged the entire NASDAQ down about 2% at that time.
	...

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