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Damn the Recession, Rate Hikes Ahead – Ep 831

The Peter Schiff Show Podcast

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Introduction

The dadones fell just over 400 points to day, led lower by a near six % decline in caterpillar. All of the major stock market indexes finished to day in the red. But i think the bigger action took place in the foreign exchange market and in the gold market. We saw rather significant reversals on this reversal t Tuesday. The culprit for the reversal was the huge rise in short term bonels.

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