Investors are as Clueless as Pollsters – Ep 624
The election polls were horribly wrong. Blue wave barely makes a splash. Wall Street content with the election results. Biden will reregulate what Trump deregulated.
The election polls were horribly wrong. Blue wave barely makes a splash. Wall Street content with the election results. Biden will reregulate what Trump deregulated.
Peter Schiff gives his thoughts on the election and takes questions from the listeners.
US stock market has worst week since March. Wall Street bought on the rumor of a Biden win; now selling before it becomes a fact.
Stock markets tumble on renewed fears. Blue wave may not crest as once was expected. More stimulus comes with bigger government. Trump is the Republican
Bank analysts want more artificial stimulus. Retail sales surge while production crashes. PPP monkey business driving spike in business applications. Borrowing from poorer countries is
US stock market breaks a 4 day winning streak. Enormous tax hikes being proposed dwarf tax cuts. Fed creating a launch pad for gold. Amy
Trump extends stimulus olive branch to Pelosi. Kudlow lies behind his mask. Republicans cave on spending. QE goes from tool of last resort to standard
Trump temporarily dashes stimulus hopes. National debt tops $27 Trillion. Trade deficit in manufactured goods hits all time record high. Jerome Powell either doesn’t understand
Last jobs report before election overshadowed by COVID-positive Trump. Possibility of a President Pence becomes more probable. Deregulation and lower taxes would stimulate the economy.
Stock market finishes the worst September since 2011. Silver down on the month, but outperforms stock market on the quarter. Stephen Roach speculates 35% collapse