Even Jim Cramer Knows More Than the Fed – Ep. 414
The Peter Schiff Show Podcast17 Nov 2018

Even Jim Cramer Knows More Than the Fed – Ep. 414

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Optimism Over No Tariffs Fueling Market Move
Donald Trump, I think, was the reason the markets ended up finishing in the black today, at least most of the major indexes. In fact, the only index that was down on the day was the NASDAQ - the NASDAQ was the only major index that was down on the week, thanks to weakness in tech stock, in particular, the FANG stocks. The comments that Trump made today basically gave hope to some people that potentially 25% across the board tariffs on all Chinese imports may not go into effect at the beginning of next year, which is the threat. If the Chinese ant Trump don't come to an agreement, then those tariffs are going to hit.
Tariffs Are the Stick
Apparently the tariffs are the stick that is going to be brandished by Trump, and he is going to use it to hit the Chinese over the head. But the threat of this big stick is supposedly going to bring the Chinese to the table, and there will be a deal that is favorable to the United States. Of course, if these tariffs actually go into effect, the people who are really going to be hit with the stick are going to be Americans. It's going to be American consumers who have to pay 25% more for everything they buy, and it's going to be American retailers who, of course, are going to sell a lot less stuff, because, if they have to raise prices by 25%, sales are going to collapse.
Fed Hinting that "Data Dependent" May Signal Slowdown in Rates
We had a couple of Fed guys out today -Fed Vice Chairman Richard Clarida - was interviewed today on CNBC by Steve Liesman - I happened to catch that interview, and was listening closely to what Clarida had to say. To me, he almost admitted that when the Fed pretended to be "data dependent" early on, they really weren't data dependent at all. They were just raising interest rates because they wanted to get them higher. They were afraid of getting caught with rates too close to zero in the beginning of the next recession, so they wanted to re-load that gun, so they wanted to get interest rates higher. They kept saying they were data dependent, but I never really thought they were. Once they started to raise rates, they were just on auto pilot. But now, Clarida seems to open the door to the possibility that maybe, some of the rate hikes that we think are coming aren't going to come, because he talked about how now, the Fed can be more data dependent than it was in the past.
Optimism Among Warning Signals
Where in the past, we talked about being data dependent, but we really weren't, but now we actually can be because now we're closer to neutral. And since we're now closer to that number we can take the data more seriously, meaning that if the data comes out weaker than we expect, well maybe we won't raise rates as much as we think. and I think Dallas Fed President Robert Kaplan was also out today making similar comments that were initially taken as Dovish by the markets, because he was leaving the door open, apparently to the fact that the Fed may not deliver as many rate hikes as the markets believe. Both of these guys are extremely optimistic and upbeat about the U.S. economy. As if none of the bad news that is happening around them matter. You've got the semi-conductors, you've got the retailers, you've got the autos, you've got the home builders. All these sectors are blowing up one after another and they guys at the Fed are thinking "No Problem!"
Cramer Exceeding Very Low Bar Set By Fed
Also today, Jim Kramer, on CNBC, was out there critical of the Fed, basically saying that these guys don't know what they are talking about and that he's smarter than them, and they should pay attention to what he's saying. Kramer may in fact know more than the Fed, Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

Episoder(1085)

Taper Already Priced In. Now What? – Ep 734

Taper Already Priced In. Now What? – Ep 734

* Less dovish is not hawkish. * Mother of all bear markets in bonds may have just begun. * Republicans only care about deficits and spending when Democrats are in charge. * Plans for minting $1 trillion platinum coin would officially make the U.S. a banana republic. * 
Increase in home inventory could lead to decrease in home prices. * Standard of living will drop for American service workers as their pay decreases and the prices of products they buy increase. * Bitcoin can’t be digital gold if Bitcoin trades the opposite of gold. * Buying Bitcoin is gambling, not investing, and governments regulate gambling. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks https://avast.com! INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

25 Sep 20211h 7min

The Fed That Cried Taper – Ep 733

The Fed That Cried Taper – Ep 733

* Fed says the economy is great, but they will maintain the emergency policies they put in place when the economy was terrible. * Fed will always choose to fight unemployment over #inflation. * Fed turns blind eye to inflation because the alternative is a complete economic implosion. * Fed’s policies disproportionately hurt African Americans. * Republicans only care about the debt ceiling when they can use it as a political weapon. * Jerome Powell dismisses concerns over #Evergrande and excess corporate leverage. * Gold will explode and the dollar will implode when markets start to realize the #Fed keeps crying wolf. * Gold went up with safe havens while Bitcoin fell with risk assets. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through September 30, 2021. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

23 Sep 202145min

Paying More, but Buying Less – Ep 732

Paying More, but Buying Less – Ep 732

* China won’t let Evergrande be the next Lehman Brothers. * Fed took us 1 step forward and 100 steps back. * Higher retail sales doesn’t mean consumers are buying more. * Americans are least likely to buy a new car since 1974. * Sweden sets successful example for dealing with Covid. * America is worse off for invading Iraq. Go to https://Bambee.com/gold to schedule your FREE HR audit. For a limited time, get 40% off a Calm Premium subscription at https://Calm.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

18 Sep 202154min

When There’s Too Much Money, There’s Never Enough Stuff – Ep 731

When There’s Too Much Money, There’s Never Enough Stuff – Ep 731

* Take the CPI numbers with a grain of salt. * The CPI will catch up to the PPI. * Fed’s new definition of transitory means a permanent reduction in standard of living. * The problem isn’t a shortage of stuff, it’s an excess of money. * Inflation is always and everywhere a monetary phenomenon. * Consumers are expecting higher prices. * Gold stocks mark potential turning point. * Inflation will pay for government spending, middle class will pay for inflation. * Hedge funds buy preferential tax treatment from politicians. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire Raycon order. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

15 Sep 202157min

Government Is Consistent; It Always Lies – Ep 730

Government Is Consistent; It Always Lies – Ep 730

* Producer Price Index numbers come in higher than expected for 9th month in a row. * Inflation trends show no sign of being transitory. * When you properly define inflation, you know exactly who’s causing it. * Bitcoin whales want the minnow’s cash. * There are more job openings than unemployed people. * Left shows its true colors after hate crime against Larry Elder. * 
Media buries stories of racist Democrats. * The government took away our freedom so the terrorists wouldn’t have to. * Tax havens keep a lid on taxes everywhere else. Free $75 credit to upgrade your post at https://Indeed.com/peter. Terms and conditions apply. Offer valid through September 30, 2021. Become a Firstleaf member and get 6 bottles of wine for $29.95 and free shipping https://TryFirstLeaf.com/GOLD INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

11 Sep 20211h 6min

Let’s Replace Labor Day With Entrepreneur Day – Ep 729

Let’s Replace Labor Day With Entrepreneur Day – Ep 729

* Grover Cleveland was really a libertarian and one of our greatest presidents. * The populist movement lead to Labor Day and ultimately in 1913 to the The Federal Income tax, The Federal Reserve, and the popular election of U.S. Senators. * The Woodrow Wilson presidency proved to be a disaster for America. * Washington incumbents have rigged the system. * Workers have benefited from entrepreneurs, despite the drag of labor unions. * Henry Ford’s risk taking resulted in higher wages for his workers and cheaper cars for his customers. * Business owners are in the crosshairs of the government. Get an extra 3 months Free on a one year package: https://expressvpn.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

6 Sep 202159min

Summer Data Swoon Puts Fall Taper in Doubt – Ep 728

Summer Data Swoon Puts Fall Taper in Doubt – Ep 728

* Jobs numbers disappoint expectations, but Biden brags. * Inflation expectations highest since just before 2008 financial crisis. * AOC pressures Biden to nominate a more woke Fed chair. * Fed causing a lack of savings, which pushes up asset prices and makes the rich richer. * Gold prices calling Fed’s bluff on tightening. * If Bitcoin is better than gold, Ethereum must be better than Bitcoin. * Markets not sure if bad news is good news or if bad news is bad news. Get your new wireless plan for just $15 a month. https://mintmobile.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

4 Sep 20211h 2min

Tapering the Taper Talk – Ep 727

Tapering the Taper Talk – Ep 727

* Powell offers no clues on taper timetable. * Powell vows to keep interest rates low until QE is finished. * Powel blames price increases on exploding demand and lack of supply. * Powel blames inflation on the public’s expectations. * Fed’s only goal is to delay the inevitable crisis as long as possible. * Invest in gold stocks before they recover ground they never should have lost. * Afghanistan proved to the world that the US is no longer a military or economic super power. * America’s biggest export may soon be our used cars. For a limited time, get 40% off a Calm Premium subscription at https://calm.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

28 Aug 202154min

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