Numbers Always Look Good When Recessions Begin – Ep. 405
The Peter Schiff Show Podcast27 Okt 2018

Numbers Always Look Good When Recessions Begin – Ep. 405

RATE AND REVIEW this podcast on Facebook.
https://www.facebook.com/PeterSchiff/reviews/
Look Carefully at the Price Index
The GDP number came out yesterday; 3/5% did slightly beat the consensus of 3.3%, but remember, for a while the Atlanta Fed was looking for a print in the 4's. But the New York Fed was at 2.2%, so the print was much higher than what the New York Fed was looking for. But if you look at the internals, the biggest reason that we got 3.5% was because of the price index - the "deflator". Last quarter, when we had 4.2%, the government said that prices rose at an annualized rate of 3%. But in Q3, they said that prices only rose at an annualized rate of 1.7%.
Calling B.S. on that Number
Now I call B.S. on that number. I don't think we had that significant a slowdown in the annualized rate of inflation between the second quarter of the year and the third quarter of the year. If the 3% inflation rate had held steady, then Q2 GDP would have been just 2.2%. So, obviously not nearly as good a headline as 3.5%. We'll see if they revise this thing down after the election. Obviously the Republicans can still campaign on 3.5% even if it turns out that 3.5% was an over-estimate.
Largest Trade Deficit in History
I think new data is going to come out - particularly on trade. Donald Trump is out there again bragging about how we're winning the trade war. I talked about that. That was the topic of my last podcast because we just printed the worse Merchandise Trade Deficit on a monthly basis in U.S. history.
Trade Deficit Amounted to the Largest Subtraction from GDP in 33 Years
The trade deficit was so large in the third quarter that it subtracted 1.78 percentage points from the GDP number. That is the largest subtraction from GDP that we have had from trade during a quarter in 33 years. What happens, when you calculate GDP, you take government spending, you take consumer spending and business spending and then you add in your trade surplus or you subtract out your trade deficit. Now, since we never have a trade surplus, trade is always a net subtraction from the GDP.

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

Avsnitt(1085)

Fed Money Magicians Running Out of Rabbits - Ep 917

Fed Money Magicians Running Out of Rabbits - Ep 917

Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowGet an extra 3 months. https://expressvpn.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.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.comPrivacy & Opt-Out: https://redcircle.com/privacy

9 Sep 202353min

Job Market Cools as Inflation Heats Up - Ep 916

Job Market Cools as Inflation Heats Up - Ep 916

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

1 Sep 202356min

Powell’s Jackson Hole Speech Is Full of Holes - Ep 915

Powell’s Jackson Hole Speech Is Full of Holes - Ep 915

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.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.comPrivacy & Opt-Out: https://redcircle.com/privacy

28 Aug 202353min

Peter Schiff's Reaction to the 2024 Republican Party Presidential Debate - Ep 914

Peter Schiff's Reaction to the 2024 Republican Party Presidential Debate - Ep 914

First 2024 Republican Party presidential debate reaction.Cut your wireless bill to $15 a month at https://mintmobile.com/goldOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Aug 202354min

The Days of Low Inflation and Low Interest Rates are Over - Ep 913

The Days of Low Inflation and Low Interest Rates are Over - Ep 913

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://expatmoneysummit.com/💬 Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium/ to become a member.📈 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📘 Book Store: https://schiffradio.com/books/👉 Follow Peter Schiff on Twitter: http://www.twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Aug 202348min

Minutes Show It’s Later Than the Fed Thinks - Ep 912

Minutes Show It’s Later Than the Fed Thinks - Ep 912

Live podcastVisit https://indeed.com/peter to start hiring now.Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

17 Aug 202356min

The Fed Will Never Hit Its Inflation Target - Ep 911

The Fed Will Never Hit Its Inflation Target - Ep 911

Live podcastGo to https://bambee.com and type in Peter Schiff under PODCAST when you sign upSign up for a $1/month trial period at https://shopify.com/goldGet an extra 3 months. https://expressvpn.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

14 Aug 202356min

A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910

A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910

Live podcastVisit https://indeed.com/peter to start hiring now.Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

7 Aug 202354min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
rss-svart-marknad
uppgang-och-fall
rss-borsens-finest
avanzapodden
lastbilspodden
bathina-en-podcast
fill-or-kill
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
borsmorgon
24fragor
kapitalet-en-podd-om-ekonomi
affarsvarlden
rss-en-rik-historia
rss-inga-dumma-fragor-om-pengar
tabberaset