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#971 Peter Schiff On Why We Are Officially In A Recession

The Pomp Podcast

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Is There a Change in the Tendency of Inflation?

Businesses have absorbed increasing costs rather than raising prices, he says. Prices are going to go way up because people can't afford to pay the higher prices,. So they're going to have fewer customers, but the customers they have left are going to be paying much higher prices. But that also means they don't need as many workers because they don't have as many customers and so lay offs are coming too.

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