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Biden to Throw Drowning Economy an Anchor – Ep 645

Power and ignorance is a dangerous combination. Biden’s stimulus plan will make the European Union look responsible by comparison. Affirm’s IPO epitomizes what’s wrong with markets and the economy. Dollar denominated financial assets on expedited track to worthlessness.

Commodity Boom Evidences Inflation, Not Growth – Ep 644

Agricultural commodities ore on fire. Nobody needs bitcoin. A market driven by inflation is different than a market driven by earnings. Biden administration will exploit the attempted “insurrection” Tech currying favor from Biden administration through conservative censorship.

Tesla vs. Bitcoin: The Battle of the Bubbles – Ep 643

Gold and silver shellacked. Jobs report worse than anyone expected. Elon Musk becomes richest man in the world. Chamath Palihapitiya’s poorly chosen quote may be an omen for things to come. Bitcoin bubble brings bizarre bedfellows.  Biden vows to put low-skilled workers out of work.

Did Global Financial Markets Just Decouple? – Ep 641

Rare dichotomies playing out in the markets – something big is happening. Dollar continues to fall against the Yuan. Institutional money is flocking to real commodities, not Bitcoin. Connecticut passes idiotic new law giving workers 3 month yearly vacations.

2021: The Year of The Chickens Coming Home to Roost – Ep 640

Fed turned stock market into a casino. Investors buying everything in sight with cheap money. Trump ends term with biggest trade deficit and budget deficits in history. Trump vetoes less bills than any other president in 100 years. Race to the bottom will start when Fed starts bailing out state.

Bitcoin May Feel the Ripple – Ep 639

Trump grandstands over stimulus bill. Ripple gets ripped. Is Bitcoin also a security? Biden will be bad for Bitcoin. Greyscale gets clobbered.

Government to Sedate the Economy with More Stimulus – Ep 638

New Covid-19 relief stimulus bill passes Congress. 200 years worth of debt added in one year of 2020. Trump outdoes Obama’s deficit in only one term. Reparations via voting is nonsense. Banco Popular has bad business practices. I recommend First Bank of Puerto Rico.

Peter's Blog

A Black Swan with Teeth

By Peter Schiff For years I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve’s reaction

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