Unwarranted Optimism Lifts Stocks, Pressures Gold – Ep 827

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 21 July 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· U.S. stock markets rally.
· Home builder sentiment will go from new highs to new lows.
· Elon Musk dumps Bitcoin.
· Taxes in California are higher than Sweden.
· American standard of living has declined since the 1960’s.

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Transcript

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0:00.0	Today's podcast was recorded yesterday.
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1:09.5	US stock markets have had a pretty decent size rally over the past three days,
1:15.4	including another rally today, although this one was not nearly as broad as Monday and Tuesday,
1:21.8	although the NASDAQ did manage again of better than 1%, almost 1.3%.
1:27.9	The cattle is there.
1:29.0	I guess was Netflix coming out with earnings after the bell yesterday.
1:34.6	And the streaming service announced that they lost fewer subscribers than the markets had anticipated.
	...

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