Tuesday, July 21, 2020

Peter Schiff: The V-Shaped Recovery Narrative is Falling Apart


I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative. 

It's Puerto Rico that would have five. As I predicted, US stock market continued to be under pressure throughout the week. Financial stocks lead lower by Goldman Sachs. 

Companies that can’t make money need to go out of business. Betting odds overwhelmingly favor Democrats victory in White House and Senate. House of Representatives pass bill to make Washington D.C. the 51st state. 

When Republicans lose the Senate in November, they may never get it back. Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet. Euro Pacific funds made up for 5 years of under performance in 6 months.

- Source, the Peter Schiff Show