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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

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

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

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