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Stock impact report

Peter Schiff: The Fed Is Trying To Save Itself At Your Expense [zero hedge]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: zero hedge
Peter Schiff: The Fed Is Trying To Save Itself At Your Expense Authored by Peter Schiff via SchiffSovereign.com, Well, inflation is up again. You’re probably not surprised, and neither are we. Over the past few months, in fact, we’ve repeated again and again that inflation will keep rising, and even identified some strange reasons why. Remember back during the early days of the pandemic when used car prices went through the roof? Supply chain dysfunction and stay-at-home orders prevented the big auto manufacturers from producing too many new cars. So, demand for used cars surged… and used car prices shot to the moon. But used car prices eventually started to fall back to earth. And throughout this year, the government inflation reports showed steep drops in used car prices– like 10 to 12% year-over-year declines. We made two key points about this: 1) The big drop in used car prices was essentially dragging down the inflation average. Other prices, like housing, medical care, etc. were Show less Read more
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