Peter's Blog

Nearly Half of Small Business Owners Fear They Will Have to Close Permanently

According to a recent survey, 48% of small business owners fear they will have to shut down permanently before the end of the year. That was a jump from 42% just two months ago. Alignable surveyed 9,201 small business owners. Analysts based their results on the answer to two questions.

US Government Runs Yet Another Really Big Deficit in November

The US government kicked off fiscal 2021 with the biggest October deficit in history. But with the first of November falling on a weekend, some November spending got shifted into October, inflating that month’s deficit. Now that we have the November monthly Treasury Statement, we have a better sense of how big deficits are running in […]

Peter Schiff: Fed Fuels IPO Folly

There were two big IPOs last week – DoorDash and Airbnb. Both companies raised over $3.5 billion in their public offerings. In his podcast, Peter Schiff talked about the IPO frenzy. He argues that it has very little to do with funding great business ventures. It’s more about making a quick buck in a market […]

Fun on Friday: Economics in One Song

I love music. A good song can comfort, inspire or motivate.  There are a lot of really good songs out there. I found one the other day. I’ll get to that in a minute. But first, I have to say there are also some real duds.

Forgive Me Uncle Sam! SchiffGold Friday Gold Wrap Dec. 11, 2020

There is a lot of talk about student loan forgiveness. The idea is wildly popular and it would relieve a huge burden crushing millions of Americans. But is there any downside to this idea? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the student loan debacle and the possible […]

War on Cash: Chinese Digital Currency Gets a Boost

Last summer, the Chinese government launched a pilot program for a digital version of the yuan. The virtual currency ups the ante in the war on cash and creates the potential for the government to track and even control consumer spending. Last week, the digital yuan got a boost when China’s biggest online retailer announced […]

Solar Energy Could Power Silver Higher

Saxo Bank projects silver will soar to a record $50 an ounce in 2021, powered by loose Federal Reserve monetary policy and a weak dollar, and turbocharged by surging demand for the white metal in the solar energy sector.

The Pernicious Effects of Student Loan Forgiveness

Senate Minority Leader Chuck Schumer recently suggested that as one of his first acts as president, Joe Biden should wipe out $50,000 of student loan debt for every borrower by executive order. But what kind of impact would this have on the US economy? It would certainly benefit a lot of people. But somebody would […]

Peter Schiff: The Bond Market Is Broken

A lot of pundits and analysts insist inflation isn’t a problem because the bond market isn’t signaling any inflation concerns. But in his podcast, Peter Schiff argues that you can’t rely on this bond market to tell you anything. The bond market is broken, thanks to the Federal Reserve. It’s rigged and it’s sending false […]

Silver Jewelry Demand Expected to Rebound Sharply in 2021

Demand for silver jewelry is expected to rebound sharply in 2021, according to a report released by the Silver Institute. The COVID-19 pandemic crushed silver jewelry demand this year. The economic slowdown, coupled with record silver prices in India and higher US dollar prices, is expected to drive a 23% decline in silver jewelry demand […]