Peter's Blog

Perceptions: SchiffGold Friday Gold Wrap Jan. 21, 2022

It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions – both those the politicians are trying to create […]

Hopes and Prayers Economic Policy: SchiffGold Friday Gold Wrap Jan. 14, 2022

December gave us another big jump in consumer prices. But despite a lot of talk about an inflation war, accommodative monetary policy remains in play. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, Jerome Powell’s Senate testimony, and Joe Biden’s plan to fix rising meat prices. […]

Seven Questions: SchiffGold Friday Gold Wrap Jan. 7, 2022

The Federal Reserve released the minutes from the December FOMC meeting this week. They were even more hawkish than expected. That sparked a big taper tantrum in the markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the minutes and then asks seven poignant questions they raise […]

The Big Story: SchiffGold Friday Gold Wrap Dec. 31, 2021

We’re on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest story of 2021? Friday Gold Wrap host Mike Maharrey thinks it was a story that […]

Taking a Pea Shooter to a Bazooka Fight: SchiffGold Friday Gold Wrap Podcast Dec. 17, 2021

We got more bad inflation news this week as the Federal Reserve wrapped up its final FOMC meeting of the year. Supposedly, the central bank has launched its war on inflation. Has it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about inflation and the Fed meeting and explains […]

I See Red! SchiffGold Friday Gold Wrap Dec. 10, 2021

Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about – an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. […]

A Brand New Fed Chair? SchiffGold Friday Gold Wrap Dec. 3, 2021

After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it’s time to retire the word “transitory” when it comes to inflation and talking about speeding up the taper. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the […]

The Status Quo Changes Things? SchiffGold Friday Gold Wrap Nov. 26, 2021

Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold […]

Don’t Fall for It! SchiffGold Friday Gold Wrap November 19, 2021

The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news — proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the transitory inflation narrative. In this week’s Friday Gold Wrap, host Mike Maharrey explains why you […]

You Call This Transitory? SchiffGold Friday Gold Wrap Nov. 12, 2021

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can […]