· The inflation genie is impossible to put back in the bottle. · CPI and PPI are lagging for a number of reasons. · Beaten down stocks of 2022 enjoyed a short-lived dead cat bounce in 2023. · Consumer spending in January surged after a record decline in tax revenue. · The PCE is the …
Hotter Inflation Chills Stock Market – Ep 874 Read More »
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· People who think that we’ve seen the worst of inflation are wrong. · Surge in credit card debt proves labor market is weak. · Ronald Reagan’s tax system was the closest we’ve been to a flat tax since 1913. · Presidents’ Day is about honoring George Washington, not Joe Biden. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/audio4.redcircle.com/episodes/190ac0e4-9182-414e-b659-48738b32eef7/stream.mp3Podcast: Download
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· Biden putting America in much more vulnerable position with continued selling of strategic oil reserves. · Replacing full-time jobs with part-time jobs is not a sign of a strong labor market. · The National Debt is the same thing as having a National Credit Card. · Politicians claiming to care about Social Security are …
CPI Shows Disinflation Trend May Have Turned – Ep 872 Read More »
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· As an American, Biden’s State of the Union was horrible. · Inflation Reduction Act will increase prices. · Republicans supporting Trump deficits paved the way for Biden deficits. · Biden is cutting Social Security through inflation. · Biden promises to save your pennies while stealing your dollars. · More savings reduces inflation through decreased …
Neither Biden nor Powell Understands the State of the Union – Ep 871 Read More »
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· Short covering fuels tech rally. · Good news on the economy is bad news for the market. · Fewer people have full-time jobs today than 10 months ago. · The media is racist. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/audio4.redcircle.com/episodes/f4a8d414-e98a-4770-a7d3-72d9ee864e83/stream.mp3Podcast: Download
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· As expected, the Fed did exactly what was expected. · Gold trades highest it’s been in almost a year. · Government causes inflation, not consumers. · Investors are seeing through the outliers when it comes to stronger economic data. · Congress acts shocked to discover fraud with PPP loans. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/audio4.redcircle.com/episodes/ed000c7a-1219-401a-8dec-282584be5a78/stream.mp3Podcast: Download
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