After the stock market tanked last week, the Trump administration tried to do damage control and talk the economy back up. In his podcast, Peter Schiff said the damage control fell flat. In fact, everything the government is doing claiming to help isn’t helping at all.
After what seemed like weeks of optimism, the bottom fell out of the markets on Thursday. The Dow Jones had its worst day since March, plunging over 1800 points. Some of the pessimism stemmed from Federal Reserve Chair Jerome Powell’s comments on Wednesday when he said he of a recovery “it is a long road. It is going to take some time.”