Trump’s Prescription for Higher Drug Prices – Ep 629
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 21 November 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
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Hedge funds are no longer hedges; they’re risks.
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Investors hope for more monetary stimulus as fiscal stimulus dries up.
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More fiscally stimulated companies going bankrupt.
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Bitcoin will replace the tulip bulb in future economic textbooks.
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Trump’s executive order is unconstitutional and will drive prescription prices higher.
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Transcript
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| 0:00.0 | I like to thank Raycon Wireless Earbuds for supporting the Peter Schiff Show podcast. |
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| 0:32.6 | Most US stock market indexes finish the day in the red only the Russell 2000 managed |
| 0:38.8 | to eke out again. |
| 0:40.9 | On the week it was a split picture. |
| 0:43.5 | You had both the Nasdaq and the Russell 2000 finishing up but the Dow and the S&P were |
| 0:49.8 | down. |
| 0:50.8 | In fact, this was the first down week for those indexes in three weeks. |
| 0:56.1 | In fact, I recently read an article that showed that US hedge funds have never been more |
| 1:03.6 | net long in history than they are right now. |
| 1:07.8 | So the guys that run the hedge funds, supposedly the smartest people in the room have never |
| 1:12.9 | been more optimistic and more bullish and they are just long. |
| 1:17.2 | So in other words, hedge funds have never been less hedged than they are today. |
| 1:23.1 | So they're really not hedge funds at all. |
| 1:25.3 | They are risk funds and when everybody up is loaded up on one side of the trade, there's |
| 1:30.2 | a pretty good indication that the markets are getting ready to move in the other direction. |
| 1:35.9 | Of course, the one thing that is providing the impetus for all the bullishness is the |
| 1:42.0 | Fed and the idea that QE infinity is here to stay. |
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