Markets Tank as Stagflation Rears its Head - Ep 1012
Markets dropped sharply; Dow down 750 pts, S&P 1.7%, Nasdaq 2.2%. Rise in stagflation feared, weak economic data, high inflation. Gold stocks hit, despite gold's gains. Japanese inflation surge discussed. Remembering Irwin Schiff.Get 25% off your subscription or try the app FREE for seven days at https://fitbod.me/gold.LinkedIn.com/SCHIFF to post your job for free. Terms and conditions applyPeter provides a comprehensive analysis of the recent downturn in the U.S. stock markets, with notable losses across major indexes due to a Friday rout. He highlights the significant declines in the Dow Jones, S&P, NASDAQ, and particularly the Russell 2000, which has entered correction territory. Peter explains the broader implications of rising inflation expectations and deteriorating consumer confidence, the impact on existing home sales, and the worrying data from the PMI reports. He discusses the Federal Reserve's lack of strategy for stagflation and critiques their handling of inflation expectations. The episode also covers international economic concerns, including rising Japanese inflation and its effects on global markets. Peter emphasizes the potential of gold stocks despite recent declines and encourages investment in Euro Pacific's gold fund, detailing the strong earnings reports from gold mining companies. The segment concludes with a poignant tribute to his father, Irwin Schiff, highlighting his controversial stance on income tax enforcement and offering insights from Irwin's speeches and writings.🟨 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/peterschiffChapters:00:00 Introduction and Market Overview00:59 Stock Market Performance Analysis03:01 Impact on Gold Stocks04:11 Stagflation Concerns and Fed's Response06:30 Consumer Sentiment and Inflation Expectations11:58 Economic Data and Market Reactions17:32 Japanese Inflation and Global Implications25:06 Gold Stocks Performance and Investment Advice35:22 Election Fever in Germany36:26 Italy's Remodeling Program: A Case of Government Waste39:31 Germany's Political Landscape: A Deep Dive50:52 Remembering Irwin Schiff: A Personal Tribute56:21 The Federal Income Tax Debate01:04:23 Closing Thoughts and Market Predictions#StockMarket #Inflation #StagflationOur Sponsors:* Check out DeleteMe: https://deleteme.com/GOLD* Check out Kinsta at https://kinsta.com to get your first month free today!* Check out Mack Weldon and use my code PETER for a great deal: https://mackweldon.com* Check out Moorings: https://moorings.com* Check out Vanta and use my code SCHIFF for a great deal: https://www.vanta.comPrivacy & Opt-Out: https://redcircle.com/privacy