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Political Hypocrisy on Inflation Lets Fed Escape Blame – Ep 707
Fed triples its estimated duration of transitory inflation. Republicans have no credibility to criticize government spending and money printing. Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation. Jerome Powell refuses to acknowledge whether being paid more to not work discourages
Investors Call Bullard Bluff – Ep 706
Markets begin to comprehend the Fed’s powerless against inflation. Oil prices may put the nail in the coffin of transitory inflation. Crypto traders unload their Bitcoin on Microstrategy. Microstrategy’s diamond hands are made of glass. Barry Silbert hesitates on buying GBTC shares. Tesla’s Bitcoin gamble enters into the red. Government creating
Juneteenth Is Only the Beginning – Ep 705
Democrats using racism to pass the legislation they’ve always wanted.
The Fed’s “No Stick” Monetary Policy – Ep 704
Jim Bullard undoes Jerome Powell’s damage control. Fed goes from not thinking about thinking about raising interest rates to now talking about talking about raising interest rates. Fed’s monetary tightening is as believable as George Costanza’s house in The Hamptons. Bitcoin looks for lower support.
Inflation Doves Coming Home to Roost – Ep 703
Trade data uncovers what the CPI was hiding. Fed acknowledges the obvious; inflation is higher than 2%. Fed gives no indication of taper plans. Jerome Powell out-doves himself again. Paul Tudor Jones gets a gift from the Fed. JP Morgan does not believe inflation is mandatory. Economy has a collision
Despite Data, Markets Embrace Transitory Inflation – Ep 702
Economic data disappoints. Sean Hannity to Tucker Carlson: Peter Schiff was right! Paul Tudor Jones going all in on inflation trade. Bitcoin moves again on Elon Musk tweets. Congress proposes Patriot Tax, which isn’t constitutional or patriotic. Paying as little tax as possible is a patriotic duty. Check out Ladder
The Fed Flunks Monetary Policy – Ep 701
Worse than expected inflation report furthers transitory fantasy. Fed failing its mandates. IRS abates my excessive $1.4M penalty. US using Covid to keep citizens from getting passports.
Surging Inflation Is Anything but Transitory – Ep 700
Consumer prices on the rise and going higher. Markets figuring out the Fed can’t fix Inflation. Trump calls Bitcoin a scam. Michael Saylor goes on damage control with Hannity. Biden’s administration wages class warfare against rich with IRS leak.
Financial Media Downplays Inflation Risk – Ep 699
Inflation is on the rise and so is denial about it. Oil prices reach their highest levels since Covid began. Broken bond market and rising stock market are not evidence of low inflation. Janet Yellen admits higher inflation is coming, but says it’s a good thing. Global minimum tax is
Peter's Blog
World War II Was Fought With Savings, Not Debt
While the country and the stock markets reel from the impact of the Coronavirus, many economists and politicians are calling for the government to fight
The Problem Is the Bubble, Not the Pin
With the markets shell shocked by of the worst weeks on record, analysts are split on whether investors are simply overreacting to the coronavirus epidemic
Clash of the Titans
In the decades that I have been listening to politicians clumsily trying to explain the economy there has never been a period, with the possible
