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Ep. 162: It's Crunch Time For The Fed As Stagflation Looms
The Peter Schiff Show Podcast - Episode 162
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Everything up on the Week Except Treasury Bonds and the Dollar -
The stock market ended a positive week on a little bit of a down note; all of the major averages had small losses today - well off the lows of the day. The market tried a couple of times to sell off but the dips were bought on each occasion and we ended up closing near the highs of the day, even though we were down on the day. Pretty much everything was up on the week except treasury bonds and the dollar. The dollar fell, long-term interest rates rose. Gold was up. Oil was the big winner, even though it was down close to a dollar a barrel today, we closed right around $52; up better than 8% on the week.
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Markets couldn’t care less who’s the president. Despite the change in the White House, there’s no change at the Federal Reserve.
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Nothing Joe Biden wants to do is Constitutional.
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