Peter's Blog

Yellen and Trump Speeches Highly Anticipated by Investors

Investors will have much to mull over this week as Donald Trump gives his first address to Congress, and Federal Reserve Chair Janet Yellen speaks Friday. After that, the FOMC goes into their blackout period in anticipation of their March 14-15 policy meeting. Tuesday night, Donald Trump will give his first State of the Union […]

Tax Reforms and Trade Deficits Absent from Trump’s CPAC Address

In his latest podcast, Peter Schiff looks at Donald Trump’s appearance at the CPAC last week where the new POTUS seemed to hit the campaign trail again, attacking the media, yet saying little about his tax reform or trade deficit policies. President Trump seems to have morphed into Candidate Trump, making promises while avoiding the […]

Day 35: Higher Interest Rates Threaten the Future of Trump’s Economy

This week, we saw predictions Trumponomics will indeed bring a spike of growth, but it will be a spike quickly destroyed by crippling interest rates. Could this be what’s causing the US Federal Chair Janet Yellen to suggest raising rates too fast would be “unwise”? As seats start opening up at the FOMC, Trump is […]

Today We Celebrate the Birth of a Real Patriot

Today, we celebrate the birthday of Irwin Schiff, one of our nation’s most influential activists for free markets and limited government. Irwin was a proud, freedom-loving American who died a political prisoner in a Texas federal prison. Neither the irony of his passing nor his convictions escaped the millions of people Irwin inspired to become […]

3 Reasons Gold is Rising and the Dollar is Falling

The price of gold is moving in contradiction to its economic purpose, which is to serve as an investor safe haven against inflation. Shortly after the election, the dollar index spiked as gold prices began a quick decline; however, recently the trend has reversed. Gold is now up around 7% since the Fed’s December rate […]

CPI Numbers Show Inflation Already Beyond Fed’s Benchmark

In Peter Schiff’s latest podcast, Peter discussed the Consumer Price Index and retail sales reports released last week. Janet Yellen provided the data in a report to Congress. The chairwoman’s testimony brought on a new wave of optimism in the markets that interest rate hikes would be coming sooner than last year’s cycle of promise-then-disappoint.

Day 28: Brazen Trump Inspires Murky Global Markets

Yellen spoke to congress this week, and her remarks about the new Commander in Chief could be foreshadowing an upcoming battle between the Fed’s goals and Trump’s plan to weaken the dollar. The President also made amends with China’s President Xi Jinping, but has new problems to deal with as other foreign governments shed their […]

Yellen’s Speech Balances Stable Growth with Unstable Trump

Fed Chairwoman Janet Yellen testified before Congress today with a hawkish tone that sent gold prices downward and bond yields upwards prior and during her testimony. Gold spot prices were down around $11/oz. toward the end of Yellen’s testimony. The 10-year note rose to 2.5% from 2.43% while the 2-year note yield jumped to as […]

Day 21: Trump Begins Looking Into Financial Regulation Reform

Trump’s third week in office brings us a look into rolling back financial regulation reforms, the power of the @POTUS’s tweets, and the new Department of Education director. New Executive Order Likely to Target Dodd-Frank This week, Trump signed an executive order calling for a review of financial regulations. Many Democrats are concerned the audit […]

Why Silver Prices Will Rise with Trump’s Stimulus Plan

Silver prices have been climbing steadily recently, rising almost 12% since the beginning of the year. The cost of silver is normally closely tied to the rise and fall of the price of gold, which has also seen a recent jump. Causes for the push in precious metals include a sluggish dollar, political and economic […]