Ep. 305
The Peter Schiff podcast analyzes recent market downturns, attributing them to stagflation. It examines disappointing consumer sentiment and PMI data, alongside rising inflation expectations. Schiff critiques the Federal Reserve’s handling of inflation and questions their reliance on a 2% target. He discusses Japan’s struggle with inflation and its potential impact on US markets, and then reviews disappointing earnings reports from gold mining stocks despite rising gold prices. The podcast features commentary on European elections, specifically in Germany where he sees that the election results are tied to poor economic policies, and also provides the views on Italian government spending and programs. Finally, Schiff commemorates his father, Irwin Schiff, a tax protester, and encourages listeners to examine his arguments against the US income tax system.