Peter's Blog

Fed President Comments Send Stock Markets Diving for Cover

Last Friday the stock market tanked following another monetary policy maker’s statements about interest rates. It seems investors are, yet again, willing to believe the Fed intends to raise interest rates despite the reality of a bad economy. Policy makers continue to keep the idea of rate hikes alive despite the knowledge they are powerless […]

Fed Up Friday: Sept. 3 – Sept. 9

It seems like a long time has passed since all the hawkish talk from the Fed after the jobs report came out. That’s probably because this week has seen mounting evidence that a rate hike before December, or possibly even 2017, is now highly unlikely. Learn more about it in this week’s Fed Up Friday. […]

Low College Enrollment Sign of Education Bubble

Another bad US economic indicator is becoming a focus for economic policy makers. Last month at the economic symposium at Jackson Hole, Janet Yellen said, “As a society, we should explore ways to raise productivity growth … improving our educational system and investing more in worker training.” Yellen is referring here to the production efficiency […]

Peter Schiff Podcast: It’s Not Bad News until the Fed Says It’s Bad

Friday of last week brought in much weaker numbers than the Fed expected from the non-farm payroll report. That was the big bet Janet Yellen’s crew was going all-in for, but the jobs report wasn’t the only important figure hitting reverse, and definitely wasn’t the most important look at the overall health of the economy. […]

Jobs Numbers Cause Gold Jump

After the last week’s lackluster jobs numbers were reported, gold futures got a big jump, halting a weekly decline. After the Bureau of Labor reported only 151,000 jobs were added last month, investors sought a safe haven in the yellow metal while hopes of a September rate hike were all but squelched. The gold spike […]

Fed Up Friday: Aug. 27 – Sept. 2

It’s been a week since Janet Yellen’s talk at Jackson Hole. Learn more about the aftermath and what’s to come in this week’s edition of Fed Up Friday. New Job Numbers Bad News for Possible September Rate Hike Employment numbers for August came in this morning, and, at just 151,000 newly added workers, they’re lower […]

Australian Mining Company Offers Gold Dividends Option

Holding physical precious metals continues to be in high demand around the world. In fact, the need for physical gold is so high that Australian-based mining company, Resolute Mining, is offering to pay out investor dividends in the yellow metal. In an unprecedented move, the mining company’s new policy states that “shareholders with more than […]

Peter Schiff: The Fed is Dove in Hawk’s Clothing

After Janet Yellen’s speech at Jackson Hole last week, gold stocks sold off on the Chairwoman’s “hawkish” tone. It was once again an overreaction and misinterpretation of the Fed’s real impact on the economy.  In his latest take on Yellen’s speech, Peter Schiff explains why the Fed’s “hawkish” talk is just a front to keep […]

Gold Rallies, Falls with Fed Policy Makers’ Remarks

A rally in gold prices happened on Friday after Janet Yellen’s hint at a potential US rate hike in September. During the economic symposium at Jackson Hole, Wyoming, the US Federal Reserve Chair said the case for raising interest rates was gaining strength amid strong economic numbers. Gold rallied $20 an ounce with the dollar […]

Fed Up Friday: August 20-26

The Fed’s been looking for new friends this week, tuning out the haters and struggling to convince the public about potential rate hikes. Check out their follies below! Flip-Flopping Fed Gets No Credibility from Market A market that doesn’t care about the direction the Fed wants to take us can be a recipe for a firestorm. […]