Time to Fade the Short EM Trade – Ep. 360
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 9 June 2018
⏱️ 38 minutes
🧾️ Download transcript
Summary
I'm going to spend most of today's podcast talking about what is going on in the emerging markets, in the currency market and in the stock markets; what the speculators are doing, why they are doing it and why I think they are wrong and why I think it creates an excellent opportunity for investors to fade this trade and prepare for the ultimate reversal of these moves.
Freedom Fest in Las Vegas
But before I get into that, I want to talk about a few other topics of interest that happened after my last podcast. I also want to talk about Freedom Fest in July. I am going to Freedom Fest again, as I do every year in July. Not the greatest time of the year in Las Vegas - not that there's really a bad time to be in Las Vegas, you're going to have fun in Las Vegas whenever you go - but it is quite hot in July. Of course I spend almost all my time indoors, so the heat really does not affect me. And when I do go out, it is at night, and it is not so hot. The event is July 12-14 and if you have not already registered you can do it now. It will be at the Paris Hotel & Casino; I will be there with my entire family - my wife and 3 kids. We'll be at our booth, you can come by and have a chance to meet my wife and kids and say hello.
Presentation on Tax Incentives of Working and Moving to Puerto Rico
I am going to be participating in several events; I am going to be doing a talk on Puerto Rico and the tax incentives of working from and moving to Puerto Rico. Most of you should know by now, I am Puerto Rican. Puerto Rico is my main residence; I summer in Connecticut, but I am a resident of Puerto Rico. Euro Pacific Asset Management and Euro Pacific Bank are both based in Puerto Rico.
Bitcoin Debate Moderated by Naomi Brockwell
Also I am going to be doing a Bitcoin debate against Jeffrey Tucker and Gary Smith - is it real, or is it Tulipmania? All of you realize what side I am on. The debate will be moderated by Naomi Brockwell, who is known as "The Bitcoin Girl" in fact she appeared on my old radio show, the Peter Schiff Show, and I sure wish I'd listened to her and bought a bunch of bitcoin - obviously I would have a lot more money today. Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
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| 0:00.0 | The Peter Ships Show. |
| 0:08.7 | I'm going to spend most of today's podcast talking about what's going on over in the emerging |
| 0:13.8 | markets, in the currency markets, in the stock markets, what the speculators are doing, |
| 0:20.2 | why they're doing it, why I think they're wrong, and why I think it creates an excellent |
| 0:25.8 | opportunity for investors to fade this trade and prepare for the ultimate reversal of |
| 0:33.3 | these moves. |
| 0:34.3 | But before I get into that, I want to talk about a few other topics of interest that I |
| 0:40.4 | noticed this week prior to or happened after my last podcast. |
| 0:46.0 | But before I do that, before I forget, I want to talk about Freedom Fest in July. |
| 0:51.4 | I'm going to be going to Freedom Fest again as I do every year in July, not the greatest |
| 0:56.8 | time of the year to be in Las Vegas. |
| 0:59.0 | Not that there's really a bad time to be in Las Vegas. |
| 1:01.1 | You're pretty much going to have fun in Las Vegas whenever you go, but it is quite |
| 1:04.8 | hot in July. |
| 1:06.3 | Of course, I spend almost all my time indoors, so I really can't feel the heat. |
| 1:11.0 | And when I go out at night, of course, the sun is down. |
| 1:13.0 | It's not quite as bad if you're doing something in the evening. |
| 1:16.9 | But it is July 12, I think, through the 14th. |
| 1:20.5 | And if you haven't already registered, you can do it now. |
| 1:24.6 | It's at the Paris Resort, not the greatest hotel, but it's all right. |
| 1:29.4 | Nothing's that bad in Las Vegas. |
| 1:31.1 | But the event is great. |
... |
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