The Peter Schiff Show Podcast
About This Show
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show. He follows up his daily two-hour show with a weekly, two-hour podcast focusing on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out every week. qqawrh5c.
Most Recent Episode
The Iceman Goeth, Robots Cometh – Ep. 229
3 days ago
* The Dow finished with yet another gain today
* We closed at 20,775.60
* I've been told that this is the longest consecutive winning streak for the Dow Jones since 1987
* Of course, we all remember how that streak came to a crashing end in October with the 1987 stock market crash
* We'll see if the market has better luck this time around
* We got the FOMC minutes released earlier today
* I think they were interpreted as being hawkish; remember, this is all on a relative scale, they're all doves now
* It is simply degrees of dovishness, there are no actual hawks on the FOMC or on any central bank
* The question is, "Who is more dovish and how dovish can you be?"
* But there were some statements that caused the markets to think, "Hey, maybe a rate hike is coming."
* Because I think the members said it would be appropriate to raise rates sometime soon
* What is sometime soon?
* Is that March, or is that April, May or June?
* That's still soon, in the scheme of things
* If you look at how slowly the Fed has been moving
* Glacial speed, when it comes to raising rates
* Soon can certainly be a few months from now
* It doesn't necessarily mean that it is going to be March
* They could have said March - "It might be appropriate to raise rates in March"
* They didn't say March - they just said soon
* Nobody really knows what soon is
* They did comment that they thought the markets might interpret gradual rate increases as meaning only 1 or 2 rate hikes a year
* And they were troubled by that, because maybe by saying that, by gradual, they mean 3 a year
* Not 1 or 2
* I heard some people saying,
* "Maybe the Fed