The Fed Has Made Zero Progress Fighting Inflation – Ep 847
The Peter Schiff Show Podcast
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The Dow Closed Up 826 Points on Tuesday
On Tuesday, the Dow closed up 826 points and the catalyst there was a shockingly bad jolt report. The August number collapsed all the way down to 10.053 million. That is the biggest one month drop in the jolts ever outside of the COVID lockdown. So this was the biggest drop during normal times. And when the markets saw this number, there was a huge rally. Why? Because everybody believes the key to the Fed's inflation fight is unemployment. If people working doesn't cause inflation, putting people out of work won't solve inflation.
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