Powell Pulls the Hope Out From Under the Market – Ep 852
· Federal Reserve raises interest rates again as expected. · Markets spooked as Jerome Powell dropped bombshells in Fed meeting. · Biden administration gets fact
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· Federal Reserve raises interest rates again as expected. · Markets spooked as Jerome Powell dropped bombshells in Fed meeting. · Biden administration gets fact
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· Dow has best October in its history. · Rotation continues from growth to value stocks. · Market is priced for perfection with anything but
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· Interest rates are the Achilles’ heel of this bubble economy. · Shelter costs are going up, even if housing prices are going down. ·
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· High inflation is here to stay. · Biden shifts the blame for high oil prices on to Putin. · Financial intervention and bailouts are
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· CPI numbers worse than investors feared. · Less younger people working while more older people retiring is bad news for Social Security Ponzi scheme.
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· Bank of England has Wall Street questioning the Fed. · Consumers are spending and borrowing more than ever. · Oil prices rise on OPEC+
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· Peter Schiff does a live update on the markets, particularly gold and silver prices, plus takes listener questions. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/f798fefc-7989-4890-b342-8be3599292d0/stream.mp3Podcast: Download
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· Market has worst monthly drop since covid began, and worst September since 2008. · Carnival Cruise sinking like the Titanic. · CNBC finally starts
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· Bank of England commits to another QE Infinity. · Inflation is here to stay for the British. · Reversals in the dollar and gold
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· Huge job losses will lead to imploding earnings and exploding debt service costs. · Gold proving to be an excellent store of value in
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