Peter's Blog

Unrounded MoM CPI Was 0.65%; Price Increases Are Widespread

The latest seasonally adjusted inflation rate for January was 0.65% month over month, with a non-seasonally adjusted annual rate of 7.48%. Both of these numbers came in above expectations. As hypothesized last month, it was very possible that Omicron temporarily restrained inflation in December and a rebound should be expected. It did not take long for […]

Don’t Get Too Excited; Most of These Revised Job Gains Were Already Counted

January showed very strong growth with 467k new jobs reported by the BLS. This crushed expectations of 150k. Some analysts even projected a contraction given the reported loss by ADP on Wednesday. However, the bigger story is the revisions of prior months. October to December saw upward revisions of nearly 900k jobs! The story is […]

Peter Schiff: The Inflation Freight Train

December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed’s “field of dreams” monetary policy will not stop. “Transitory” inflation has now been running hot for a full year.

A Runaway Inflation Freight Train the Fed Won’t Stop

The producer price index rose at the fastest rate in the history of the data set in November. This is a runaway inflation train hurtling down the tracks toward consumers. And despite all the talk, the Fed won’t be able to stop it.

Peter Schiff and Tucker Carlson Discuss the Worst Inflation in US History

In November, the official government CPI rose by the highest annual amount since 1982. But for the most part, the mainstream media continues to sugar-coat inflation. Tucker Carlson is an exception. He’s one mainstream media figure who seems to grasp the full extent of the problem. He recently interviewed Peter Schiff on the rising cost […]

Peter Schiff: The Mainstream Is Sugar-Coating Inflation

The CPI data for November came in pretty close to expectations. Of course, expectations were sky-high as the transitory inflation narrative has faded into myth. The CPI surged another 0.8% month-on-month in November. The consensus expectation was for a 0.7% rise. The headline year-on-year increase was 6.8%. That was right in line with expectations. It […]

Expectations Are Finally High Enough for Sky High Inflation

The latest seasonally adjusted inflation rate for November was .76% month over month, with a non-seasonally adjusted annual rate of 6.81%. These numbers were generally in line with mainstream expectations that have finally gotten high enough to match the blistering hot inflation numbers coming out month after month.

I See Red! SchiffGold Friday Gold Wrap Dec. 10, 2021

Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about – an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. […]

Five Inflation Myths

Inflation is running rampant. At first, the powers that be tried to convince us it wasn’t a problem because it was just a temporary phenomenon caused by coronavirus. (As if a virus could cause the money supply to increase.) But now, the transitory inflation narrative is dead. Jerome Powell recently admitted that it’s time to […]

Peter Schiff: Double-Barrel Inflation Is Locked and Loaded

The Consumer Price Index blew past expectations in October as the “transitory” inflation narrative continues to unwind. CPI was up 0.9%. On an annual basis, the inflation rate was 6.2% compared with a 5.9% estimate. It was the highest annual CPI gain since 1990. The CPI stole the headlines, but the Producer Price Index also […]