Peter's Blog

What Can Mortgage Refi Applications Tell You About the Economy? SchiffGold Friday Gold Wrap 06.01.18

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.

Sub-Prime Credit Card Delinquency Rates Rise Above Financial Crisis Peak

Americans have loaded themselves down with debt and some are struggling to pay the bill. Total household debt hit a record $13 trillion in 2017, eclipsing levels seen on the eve of the Great Recession. Americans have been burning up the credit cards. Revolving debt grew by $26 billion in the fourth quarter of 2017 alone, a […]

Peter Schiff: Look Out for the Mother of All Busts

The US economy is now technically in the second-longest recovery in history. If it continues another 14 months, it will eclipse the longest recovery, which took place in the 1990s. As Peter Schiff pointed out in his latest podcast, the Federal Reserve pulled out all the stops in the 1990s to keep the recovery going. […]

Peter Schiff: Bernie’s Guaranteed Jobs Program Is Utter Nonsense

Bernie Sanders wants everybody to have a job with health benefits paying $15 per hour. Most people would like to see that happen. But Bernie is willing to put your money where his mouth is. He’s come up with a plan guaranteeing every American worker “who wants or needs one” such a job. Here’s how the Washington […]

Could Rising Interest Rates Crush Stock Market Dreams? SchiffGold Friday Gold Wrap 04.27.18

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.

Fed’s Underlying Inflation Measure Close to 12-Year High

Inflation is low – so we’re told. But this simply isn’t true. Now, it is true that the consumer price index (CPI) has remained relatively low. But rising prices aren’t in-and-of themselves inflation. In fact, we can have inflation without a corresponding rise in CPI – at least in the short-term. That’s exactly what we’ve […]

Nope, Everything Is Not Great: Just Look at the Data

Everything is great! We’ve heard this mantra over and over again from government officials, TV talking heads and Federal Reserve bankers. But as we’ve been saying, all the optimism in the world can’t trump economic reality. And there are a lot of signs in the global economy indicating everything is not, in fact, great. Dan […]

Ill Omens in the Bond Market? SchiffGold Friday Gold Wrap 04.20.18

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.

Troubling Signs in the Bond Market: Yield Curves Going Flat

There are some troubling signs for the economy in the bond market. Yield curves are going flat. On Wednesday, the yield curve from 5 to 30 year bonds flattened to as little as 29 basis points. That represents the narrowest spread since 2007. The yield curve between 2-year and 10-year Treasuries also narrowed, touching 41 […]

Peter Schiff: Enjoy the Calm Before the Storm

In his latest podcast, Peter Schiff said we are basically enjoying the calm before the storm right now. With the US missile strike in Syria, rumblings of a trade war and a generally weak dollar, gold briefly flirted with $1,365 last week. But the anticipation of Federal Reserve rate hikes continues to create strong headwinds […]