
Just When You Thought Government Couldn’t Get Any Dumber - Ep 888
The Peter Schiff Show Podcast
00:00
Tesla Stock Dropped 10% on the News
We didn't have the big inflation problem in 2009 that we had now. A lot of yen has to be printed to buy up all these bonds because who in their right mind would want to lend money to the Japanese government at 1.5% if inflation is 3%. And of course it's not going to stay at 3%. It's going to go up. We got some bad corporate earnings, particularly I want to talk about Tesla. This is a stock that I had been warning about for years because there was so much hype surrounding Tesla.
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