Peter's Blog

US Debt ‘Out the Wazoo’ as China and Japan Sell Off Treasuries

The US national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing to slow in fiscal 2019, you’ll be disappointed. In just the first 11 business days of the new fiscal year, the US government added another $138 billion of debt to the total. That brings the total national […]

Tripping Down the Primrose Path to Ruin: SchiffGold Friday Gold Wrap 10.05.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

The Federal Debt Spiral

Death-spiral — The downward, corkscrew-motion of a disabled aircraft which is unrecoverably headed for a crash. The US federal government may well be in a death spiral  – or perhaps we should call it a debt-spiral. 

US Treasury Yields Hit Seven Year High; Rising Interest Rates Could Be Bad News in Debt-Ridden Economy

Interest rates are climbing quickly. The yield on the 10-year US Treasury hit the highest level since 2011 in the midst of a massive bond sell-off Wednesday. The selloff spread across the globe on Thursday morning. ZeroHedge called the spike in yields a “monster move.”

Bond Yields Climbing: Could the Chinese Weaponize US Debt?

Yields have been on the rise this week in the midst of a bond market sell-off. Two-year borrowing costs hit their highest level in a decade Wednesday. The yield on the 2-year Treasury climbed to 2.816%. Meanwhile, the 10-year Treasury yield hit a four-month high of 3.07%. What’s going on here?

Is Gold a Bad Investment? SchiffGold Friday Gold Wrap 07.20.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Why You Shouldn’t Give Up on Gold: SchiffGold Friday Gold Wrap 06.29.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Average Global Yield Curve Inverts, Could Signal Looming Recession

The economy is strong! Or so the mainstream financial talking heads tell use every day. Meanwhile, one of the best predictors of a looming inflation is flashing red. The yield curve between the two and 10-year Treasuries narrowed to around 34 basis points this week. That’s the lowest level since 2007 – right before the financial […]

Troubling Signs in the Corporate Bond Market

We’ve written a lot about government debt and warning signs in the Treasuries market. The US government needs to sell over a trillion dollars in bonds a year over the next few years to finance its skyrocketing deficit. Who exactly will buy all of these government bonds remains unclear and the impact on interest rates could […]

Russia Dumping US Treasuries, Buying Gold

The Russians are dumping US Treasuries and buying gold. As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they’re selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in […]