Peter's Blog

Earlier this week, Peter sat down with real estate mogul Grant Cardone and David Lin for a debate that spans the details of REITs (Real Estate Investment Trusts), combining them with Bitcoin investment funds, and the deteriorating state of the US economy. The conversation turns pointed as Peter dismantles Cardone’s claims about REIT cash flow […]

In his latest podcast, Peter pokes holes in President Trump’s latest economic narrative, contrasting it with the reality consumers are feeling on the ground. He also tackles the administration’s flip-flop on Russian energy imports, takes a jab at artificial intelligence branding, and closes out with sharp critiques of a politically compromised Fed investigation and the […]

In Wednesday’s podcast, Peter breaks down the deteriorating bond market and what it means for mortgage rates, consumer confidence, and the broader economy. He also takes aim at the Fannie Mae and Freddie Mac trade promoted by the Trump administration, tying it all together with a warning that decades of easy money are finally catching […]

The Conference Board’s Consumer Confidence Index fell 0.8 points to 89.4 in August, down from 90.2 in July, based on a survey conducted between August 3rd and August 16th. The decline marks the second consecutive monthly drop, though the headline figure masks a sharper divergence beneath the surface. While consumers grew somewhat more upbeat about […]

U.S. households grew more pessimistic in July, according to the latest data from the Conference Board, and investors responded by sending gold to yet another record. The Conference Board’s Consumer Confidence Index fell 1.4 points to 90.8 (1985=100), down from an upwardly revised 92.2 in June and continuing a decline that has persisted since late […]

Last week Peter joined Shannon Joy on her podcast to warn listeners that runaway government spending and a corrupting alliance between state and corporate power are eating away at living standards. He connects collapsing consumer confidence, rising interest rates, and a political media culture that shields power to make the case that savers need sound […]

U.S. consumers perked up a bit in February, but the mood is hardly euphoric. The Conference Board’s Consumer Confidence Index rose 2.2 points to 91.2, recouping only a slice of January’s slide. Households feel slightly less threatened by recession, yet they remain uneasy about paychecks, persistent inflation, and a job market that looks sturdy on […]

Federal Reserve Chair Jerome Powell told the House Financial Services Committee on Tuesday that the central bank is in no rush to move interest rates, even as fresh tariffs cloud the outlook and inflation remains sticky. “For the time being, we are well positioned to wait to learn more about the likely course of the […]

Delivering his final public remarks as President and CEO of the Philadelphia Federal Reserve on yesterday, Patrick T. Harker urged caution regarding inflation, tariff policies, and rising national debt, highlighting enduring challenges to U.S. economic stability. The speech occurred at the Philadelphia Fed, marking the culmination of Harker’s tenure before his scheduled retirement at month-end. […]

U.S. consumer confidence suffered a sharp blow yesterday, plummeting 7.2 points to 92.9, according to the latest data from the Conference Board Consumer Confidence Index. Alarmingly, the Expectations Index, which measures consumers’ short-term outlook on the economy, tumbled to 65.2—its lowest level in 12 years—breaking well below the critical 80-point threshold that traditionally signals an […]