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Peter's Blog

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Posts Tagged: “economy“

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July 5, 2023 Guest Commentaries

The Private Sector Recession

The Federal Reserve has hiked interest rates to levels not seen since before the financial crisis in 2008. The money supply had contracted at a rapid rate. This should cause the economy to slow down. Yet month after month, we get strong job numbers, rosy economic headlines, and assurances that the economy remains robust. What […]

July 5, 2023 Original Analysis

An Amazing Freak Show: Treasury Increases National Debt By Over $850 Billion in Just One Month

A month ago, the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years. Since the debt ceiling deal, the US Treasury has added a staggering $851 billion to the national debt.

July 5, 2023 Peter's Podcast

Peter Schiff: A Bear Market Rally and the Supreme Court Trumps Biden

June continued a stock market rally that produced big gains through the first half of the year. But what exactly is driving this rally and is it really justified by the economic fundamentals? Peter breaks it down in a recent podcast and concludes that this is likely a bear market rally.

June 30, 2023 Friday Gold Wrap

Things Happen Slowly and Then All at Once: SchiffGold Friday Gold Wrap Podcast June 30, 2023

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 […]

June 28, 2023 Key Gold Headlines

Economic Data Isn’t as Strong as the Headlines Claim

A lot of the economic data this month looks strong. But when you dig a little deeper, you find that this “strength” is an illusion. Following is a breakdown of several of these data points with some help from our friends at Passant Gardant.

June 26, 2023 Original Analysis

What’s Going on With the Fed Balance Sheet?

We tend to focus a lot on the Federal Reserve’s interest rate policy, while the central bank’s balance sheet stays in the background. But the balance sheet arguably has more impact on the economy over the long run. Since the Fed began hiking interest rates in March 2022, it has also shrunk the balance sheet. […]

June 23, 2023 Friday Gold Wrap

All You Do to Me Is Talk Talk: SchiffGold Friday Gold Wrap June 23, 2023

Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell’s comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also […]

June 21, 2023 Original Analysis

Jerome Powell’s Open-Mouth Operations

Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee on Wednesday (June 21). The Fed chief engaged in some more open-mouth operations, trying to guide monetary policy with words instead of actions. To understand a few things he said, you have to read between the lines. Oh, and he also got at […]

June 21, 2023 Original Analysis

The National Debt Is a Ticking Time Bomb

Last week, the national debt pushed above $32 trillion. This is a ticking time bomb that will eventually explode.

June 15, 2023 Guest Commentaries

Government Job Numbers Make No Sense

Every month, we get government job reports that tell us the labor market is booming. Then we get an avalanche of mainstream headlines telling us that this is a sign the economy is just fine. But these government job numbers simply don’t make sense.