Peter's Blog

Federal Reserve Governor Christopher Waller told Reuters on September 3rd that inflation “remains meaningfully above” the Federal Open Market Committee’s 2 percent goal, even as he pointed to what he called recent signs of disinflation. The remarks, delivered at a Reuters NEXT Newsmaker Interview in Washington, D.C., come less than two weeks before the FOMC’s […]

The Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) for July 2026 on Tuesday, September 1st, showing job openings “little changed” at 7.3 million. That phrase, along with its close cousins “essentially unchanged” and “held steady,” appeared throughout the report, describing nearly every headline metric. Hires and total separations both […]

May’s economic data tells a story that sounds good on the surface but gets more complicated the closer you look. The Bureau of Economic Analysis (BEA) released its report Friday showing personal income climbed 0.7 percent last month, adding $181.6 billion, with disposable income rising by that same margin. Americans didn’t sit on that extra […]

Most analysts treat economic data as the starting point for understanding the economy: if GDP rises, things are good; if it falls, things are bad. What they fail to appreciate is that data without theory is meaningless, and that any interpretation of economic data already presupposes a theoretical framework, whether the analyst knows it or […]

The Trade Deficit is one of the two components of the ‘twin deficits’; the other being the federal budget deficit. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of the strength and weakness in the […]

July’s advance purchasing-manager numbers paint a tale of two economies. The S&P Global Flash U.S. Composite PMI jumped to 54.6—its best showing in seven months—thanks almost entirely to a roaring service sector that notched a 55.2 reading. Manufacturing, by contrast, slipped back into contraction territory at 49.5, a full three points below Wall Street’s consensus […]

On Wednesday’s episode of the Peter Schiff Show, Peter tackles another round of economic data, critiques a recent interview with Jerome Powell, and circles back to criticism of his last podcast. He also calls out the unconstitutionality of the so-called “exit tax” and its abuse against political dissident Roger Ver.

In this episode, Peter addresses another batch of economic data, its impact on the precious metals market, and inherent weakness in the economy. The political and media class wants Americans to think the economy is in good shape, but as Peter will explain, that claim doesn’t pass the sniff test. 

The recent CPI report showed that inflation is, according to official data, cooling down — so why are consumers more worried for the future than they’ve been in months? If prices are coming down, shouldn’t that fuel higher confidence and a greater collective sense of economic well-being? One simple answer is that the official data […]

There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price […]