Peter's Blog

Slowing Sales Point to Slowing Economy

If the Federal Reserve is truly “data dependent,” then the data just keeps undermining its case for an interest rate hike this year. Wholesale inventories rose in August, and sales fell, flashing a recessionary warning sign. According to the Associated Press, the Commerce Department reported wholesale inventories rose 0.1% in August, while sales fell a […]

Increasing Demand for Gold for Industrial Applications

Investors are well-aware of the numerous industrial applications for silver, and it often factors into analysis of the white metal’s demand. But gold also has industrial applications. And while investment and jewelry primarily drive the demand for gold, its use in industrial applications continues to expand, representing a growing market for the precious metal. Gold […]

Foreign Banks Dumping US Debt at Record Pace

China, along with other central banks, are selling US government bonds at the fastest rate on record, according to the Wall Street Journal. WSJ calls it “a dramatic shift” in the bond market: Foreign official net sales of U.S. Treasury debt maturing in at least a year hit $123 billion in the 12 months ended in […]

Late’s Restaurant Early to the Barter Party

Walk into the small restaurant near the shore of Lake Michigan in Manitowoc, Wisconsin, and the smell of burgers and deep-fried cheese curds will assault your senses. According to the Blaze, locals will tell you Late’s has the best burger in town. It’s a throwback kind of restaurant, complete with a long, winding dining counter […]

Looming Court Decision Could Hasten Pop of Student Loan Bubble

A federal case now under consideration in the First Circuit Court of Appeals  could have huge ramifications for millions of Americans buried under student loan debt, as well as lenders and US taxpayers. Bloomberg reports Robert Murphy is closer than ever to victory:

News Flash: Silver Demand Unabated; Perth Mint Sales Surge

After record-breaking world-wide silver demand in the third quarter of 2015, the surge continued in September, with Bloomberg reporting sales at the Perth Mint in Australia hit the highest level in at least three years last month. Sales of silver coins and minted bars jumped to 3.35 million ounces in September from 707,656 ounces the […]

Goldman Says Fed Likely to Hold Off Rate Hike as Negative Data Pours In

Goldman Sachs officials are ready to push back their rate hike forecast to late 2016. As Bloomberg reported, they are hedging their bets on a December rate hike (probably to save face): Goldman Sachs Group Inc. said there’s a chance U.S. policy makers will delay raising interest rates well into next year. While Goldman Sachs’s […]

Don’t Miss Your Opportunity to Prepare for a Dollar Crisis (Video)

Dr. Ron Paul hosted Peter Schiff on his Liberty Report this week. They discussed the failures of the Federal Reserve and how its policies have subsidized an irresponsible federal government. While the long-term effects are going to be disastrous for the United States, Americans still have a chance to protect themselves from an inevitable currency […]

“Activist” Fed Will Repeat Its QE Cycle to Prop Up the Market (Video)

Rick Santelli and Charlies Biderman, CEO of TrimTabs Investment Research, discussed the slowing economic engine of the United States. The root of the problem? As Santelli put it: “We used to lead the rest of the world, thinking free markets do it. Now, all of a sudden, we’ve joined the rest of the world thinking […]

News Flash: Yuan Passes Yen; Now Fourth Most-Used Payment Currency

The Chinese yuan continues to gain stature on the world financial stage, overtaking the Japanese yen to become the fourth most-used currency for global payments. Bloomberg reports the yuan rose to its highest ranking ever in August, boosting its claim for reserve status.