Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974
The Peter Schiff Show Podcast - Un p贸dcast de Peter Schiff
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Peter Schiff dissects the latest inflation data, emphasizing the government's manipulation in underreporting true inflation figures. He compares the July CPI and PPI reports, suggesting real inflation rates could be double the official numbers.Schiff highlights the significant federal budget deficit and its implications for future inflation. He argues that the Federal Reserve's potential rate cut is politically driven and could backfire.Schiff also discusses the repercussions of government policies on industries like solar energy, resulting in SunPower's bankruptcy. He critiques government intervention in housing, education, and healthcare, asserting these measures have increased costs and decreased efficiency.Lastly, Schiff commends Elon Musk's take on inflation and calls for substantial reductions in government spending and more market-driven solutions.猸愶笍 Visit https://indeed.com/peter to start hiring now.馃煥聽Sign up for Peter's most valuable insights at https://schiffsovereign.com馃敂聽Free Reports & Market Updates: https://www.europac.com馃煛聽Schiff Gold News: https://www.schiffgold.com/news馃摌聽Book Store: https://schiffradio.com/books馃憠聽Follow Peter Schiff on Twitter: https://twitter.com/peterschiff馃憠聽Follow Peter Schiff on Instagram: https://instagram.com/peterschiff馃憠聽Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial馃憠聽Follow Peter Schiff on Facebook: https://facebook.com/peterschiffPrivacy & Opt-Out: https://redcircle.com/privacy
