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Tag Archives: Peter’s Podcast

Peter Schiff: The Devil You Know Is Still a Devil

On Monday, President Joe Biden reappointed Jerome Powell to head up the Federal Reserve and nominated Lael Brainard to serve as the vice-chair. In his podcast, Peter Schiff talked about Biden’s decision, the markets’ reaction and what the Fed will (or will not) do moving forward. Ultimately, Peter said the devil you know is still a devil.Peter predicted Biden would stick with Powell. He said there was no political upside for him to do otherwise.If something happened, something goes wrong,...

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Janet Yellen Faces the Nation and Lies About Inflation

After last week’s sizzling hot CPI data, inflation talk continues to dominate the news. The government and central bank have been insisting inflation is transitory. Now they’ve turned to a new spin tactic – recycling 1970s inflation propaganda.Treasury Secretary and former Federal Reserve chair Janet Yellen appeared on Face the Nation and spent the interview lying about inflation. Peter Schiff unraveled her lies in his podcast.According to Yellen, the current bout of inflation has nothing...

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Peter Schiff: The Only Thing Transitory Is the Fed’s Credibility

The October CPI numbers came in much higher than expected. In his podcast, Peter dug into the data juxtaposed with the official narrative that inflation is transitory. When you boil it all down, the only thing that is transitory is the Federal Reserve’s credibility.Peter said he’s been taking the “over” on CPI projections all year. And he’s mostly been right. The CPI has come in above expectations every month except for one.October’s 0.9% month-on-month rise in CPI was...

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Peter Schiff: You’re Going to Be on the Hook for Rising Producer Prices

Much hotter than expected CPI data for October stole the spotlight on Wednesday, but there was more bad news on the inflation front that received less attention. The annual Producer Price Index (PPI) increase in October tied September’s record, as rising producer prices continue to undercut the “transitory inflation” narrative.The PPI charted a 0.6% month-on-month increase with the annual rate up 8.6%. That tied last month’s record-setting rise in producer prices. If you annualized...

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Peter Schiff: Gold Rally Indicates Sellers Are Exhausted

Despite the Fed announcing it will begin tapering QE and a better than expected jobs report, gold rallied on Friday. In his podcast, Peter Schiff said this is sign sellers are exhausted.According to the October non-farm payroll numbers, the US economy added 531,000 jobs, well above the projection of 450,000. The two prior months also saw significant upward revisions. The unemployment rate dropped to 4.6%. The one weak spot was labor rate participation, which remained at 61.6% instead of...

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The Taper Is On

The Federal Reserve wrapped up its November FOMC meeting on Wednesday and finally did something other than talk. The central bank announced it will begin to taper its massive quantitative easing program. Since the onset of the coronavirus pandemic, the Fed has purchased roughly $120 billion on Treasuries and mortgage-backed securities every single month, injecting trillions of dollars in newly “printed” money into the economy. Beginning later this month, the Fed will taper bond-buying by...

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Peter Schiff: We Can’t Ignore These Record Trade Deficits Forever

Trade deficits used to be an important market mover. In fact, many blame the 1987 stock market crash on a much worse than expected trade deficit. That led to weak dollar and bond markets that bled over into the stock market. But today, traders mostly ignore the trade deficit. In fact, the US trade deficit set another record in September and the markets didn’t blink. Peter Schiff talked about it in his podcast.The goods trade deficit increased 9.2% to $96.3 billion in September, according...

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Peter Schiff: Irrational Exuberance in the Stock Market Casino

The Dow Jones and the S&P 500 hit new all-time records on Tuesday (Oct. 26). In his podcast, Peter Schiff focused on a few speculative stocks that have had meteoric rises (and in some cases crashes) over the last few days. He said this is evidence of the speculative fervor in this massive bubble.What we’re seeing today is just another indication of the casino-like nature of today’s stock market that is completely the byproduct of artificially low interest rates, the inflation that the...

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Peter Schiff: Gold Is an Inflation Safe Haven, Not Bonds

Gold and bonds are both considered to be safe havens. But in a recent podcast, Peter explained why bonds are not a safe haven in an inflationary environment. In fact, bonds – including US Treasuries – are risk assets when inflation is running hot. If you want safety from inflation, you need to buy gold.Another gold rally fizzled this week when bond yields pushed up, sparked by rising oil prices. Peter said nothing happening in the bond market should have been a drag on gold and silver....

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Peter Schiff: Non-Transitory, Worse Than Expected Inflation

September CPI came in above expectations. At this point, even the central bankers at the Federal Reserve are having a hard time sticking to the “transitory inflation” narrative.In his podcast, Peter Schiff talked about the CPI report. He said it reveals that we’re entering an inflation super-cycle and perhaps the markets are starting to figure this out.Peter called this the “government report card on inflation,” noting that it’s not particularly reliable because the government is grading...

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