About this episode
Jerome Powell's rate cut, market drops, economic risks, inflation, and the future of the economy. Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/gold For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD. Laughing Cats https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8d In this milestone 1000th episode of the Peter Schiff Show Podcast, Peter broadcasts from an unconventional setup due to technical issues, as he covers a dramatic day in the markets. Jerome Powell's Federal Reserve announces a 25 basis points interest rate cut to meet market expectations, but the stock market reacts negatively with significant losses. Peter discusses the historic losing streak in the Dow, investor optimism around speculative assets, and the financial risks posed by an expensive market amidst rising inflation and interest rates. He critiques Jerome Powell’s perception of a strong U.S. economy and labor market, highlighting negative data revisions and continuing economic vulnerabilities. Peter also addresses the implications of rising U.S. deficits, government spending, and a surging dollar on global inflation. He predicts further turbulence for the housing and financial markets, the potential for a bear market, and the likelihood of resumed Fed easing measures. Schiff concludes with insights on gold and silver investments, market disconnects, and political dynamics impacting economic policies. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com 🔔 Free Reports & Market Updates: https://www.europac.com 🟡 Schiff Gold News: https://www.schiffgold.com/news 📘 Book Store: https://schiffradio.com/books 👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff 👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff 👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial 👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff 00:00 Introduction and Sponsorships 01:31 Market Overview 02:35 Federal Reserve's Interest Rate Cut 03:00 Market Reactions and Historical Context 05:40 Gold and Stock Market Analysis 15:56 Commercial Break 17:23 Economic Indicators and Current Account Deficit 22:24 Global Economic Impact and Predictions 34:43 Bitcoin and Cryptocurrency Update 35:02 Bitcoin's Decline and MicroStrategy's Moves 35:47 Congress and Social Security Spending 36:32 Trump's Stance on Bitcoin 38:31 Economic Indicators and Manufacturing Data 39:28 Retail Sales and Consumer Debt 40:46 Fed's Monetary Policy and Market Reactions 43:41 Industrial Production and Economic Weakness 45:17 Fed's Press Conference and Rate Cuts 48:31 Future Economic Predictions and Market Strategies 01:00:11 Closing Remarks and Personal Updates #FederalReserve #InterestRates #StockMarketAnalysis 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