Peter's Blog

CPI 1.2% MoM and 8.6% YoY – Is this Peak Inflation?

The latest seasonally adjusted inflation rate for March was 1.21% month over month, with a non-seasonally adjusted annual rate of 8.56%. Both of these numbers came in slightly above expectations, which were elevated due to the war in Ukraine.

More of the Same: Feds Run Another Big Budget Deficit in March

The federal government ran a $192.68 billion deficit in March, according to the latest Treasury statement. Somehow, this is supposed to be good news.

The Inflation Freight Train Keeps on Rolling

The inflation freight train is still hurtling down the track at breakneck speed. Everybody expected a big Consumer Price Index number for March. When it was all said and done, we got what was expected. And then some.

Peter Schiff: March Madness in the Bond Market

There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in the stock market. In fact, the Dow Jones gained a decent 2.3% on the month. But beneath that glittery stock market stage (that attracts the most investor attention) there […]

ETF Gold Holdings Surged in March

Global ETF gold holdings surged in March, charting the third straight month of inflows. Net inflows of gold into ETFs came in at 187.3 tons last month, as total holdings rose to 3,837 tons, just shy of the all-time record high. It was the biggest jump in ETF gold holdings since July 2020, according to […]

Comex Update: Spreads, House Accounts, and a US Debt Chart

As we approach the middle of the month, here are the trends we’re seeing in the COMEX, along with a little more data on the national debt.

Ron Paul: Joe Biden’s Big Government Spending Plan

The annualized interest payment on the $30-plus trillion US national debt increased by over $16 billion in just six months. With the COVID crisis seemingly in the rear-view mirror, the economy allegedly strong, and the Fed raising interest rates to supposedly fight inflation, you’d think this might be a good time for the government to […]

As Prices Rise Americans Turning to Their Credit Cards

Prices keep rising faster than wages. The stimulus checks are long gone. Savings are being depleted. How is the average American supposed to make ends meet? The only option is to charge it. And that’s exactly what Americans are doing.

Delusions of Grandeur: SchiffGold Friday Gold Wrap April 8, 2022

Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull […]

Annualized Interest on US Debt Increased $16.4 Billion in Just 6 Months

The US Treasury added $111 billion in debt during March. Meanwhile, rising interest rates are already creating problems for Uncle Sam. Annualized interest on the US debt has increased by over $16 billion in just six months. Following is an analysis of US debt holdings.