When Krugman Talks, Don’t Listen – 671

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 24 March 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Stock market down on anniversary of 2020 crash.
* Biden readies $4 Trillion more in stimulus before the ink dries on the last round of checks.
* Krugman back with more Keynesian nonsense.
* Virtual Fifth Avenue is not valuable when you can have infinite New York Cities.
* Affirmative Action is condescending to African Americans.
* Massive racial hate crime gets swept under the rug by the media.

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Transcript

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0:00.0	I'd like to thank Audible for supporting the Peter Shif Show podcast and now Audible
0:14.0	is giving members even more with a new plus catalog.
0:18.0	You can visit audible.com slash Peter or you can text Peter to 500-500 to start your
0:25.3	free 3-day trial now.
0:28.0	Well today was the one year anniversary of the market bottom in 2020.
0:35.2	It was March 23rd a year ago today that the market bottom.
0:40.3	Then one reason that I remember that day is this is also the anniversary of my birth.
0:46.2	I am 58 years old today.
0:50.0	And the market really didn't celebrate either of these anniversaries.
0:54.3	Everything pretty much was down across the board.
0:57.0	All of the major US stock market indexes finished down.
1:01.8	The S&P and the Dow Jones down a little bit less than a percent down just over 300 points.
1:09.7	The NASDAQ which was positive for a good portion of the morning it rolled over and closed
1:14.8	down a little over 1 percent.
1:16.9	But the big loser was the Russell 2000.
1:21.0	That index got slaughtered by just over 3.5 percent.
1:25.4	So a big drop there but really no relief anywhere.
1:29.4	Oil stocks got hammered today on a $4 drop in the price of oil.
1:34.2	Back down to 57.40 gold also was down but by a relatively small amount.
1:41.3	Gold off about $10.11.
1:42.6	Silver on the other hand got a much bigger hit.
1:46.3	Silver got clobbered about 70 cents.
	...

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