Peter's Blog

Recession Warning: US Small Businesses Struggling to Pay Rent

In another sign of a struggling economy, small businesses are having an increasingly hard time paying rent. According to Alignable’s November Rent Poll, 41% of US small businesses reported they couldn’t pay their rent in full and on time in November. That was a 4 percentage-point increase from the previous month.

A Thanksgiving Story You Probably Didn’t Learn in School: SchiffGold Friday Gold Wrap Nov. 25, 2022

There are a lot of things they didn’t teach you in school. In this episode of the Friday Gold Wrap, host Mike Maharrey tells you a Thanksgiving story you’ve probably never heard before – at least not from your school teacher. He also touches on the Fed minutes that came out this week that seem […]

Peter Schiff: More Economic Data Confirms a Recession

A lot of mainstream pundits concede that the US economy is heading for a recession as the Federal Reserve continues to crank up interest rates in its inflation fight. But as Peter Schiff explained in a recent podcast, there is plenty of data that indicates the economy is already in a recession.

The Pain Is Real! SchiffGold Friday Gold Wrap Nov. 18, 2022

People in the financial media tend to talk about inflation as an academic exercise. As a result, it’s easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting […]

Wealthier Shoppers Flocking to Walmart as Inflation Bites

Walmart recently announced better-than-expected third-quarter sales growth. This may seem like great economic news until you realize the reason behind the retailer’s big jump in sales. As it turns out, wealthier shoppers are flocking to Walmart to make ends meet as rising prices squeeze pocketbooks.

Peter Schiff: We’re in the Eye of the Inflation Hurricane

Markets have rallied since we got cooler-than-expected CPI data for October. But in his podcast, Peter Schiff said we are in the eye of the inflation hurricane, and investors have been lulled into a false sense of security.

Household Debt Charts Largest Increase Since 2007 in Third Quarter

With real wages decreasing and inflation running rampant, Americans are burying themselves in debt to make ends meet. After setting a new record in the second quarter, household debt increased at the fastest pace in 15 years during Q3, as American consumers have run up credit card balances month after month this year as they […]

Peter Schiff: The Fed Is Not Making Progress in Its Inflation Fight

The October CPI data came in a bit cooler than expected, but the market reaction was hot and furious. Peter Schiff broke down the CPI data and the market reaction to it in his podcast. Despite the spin, Peter said the Fed isn’t making any progress in fighting inflation.

Perception Is Reality? SchiffGold Friday Gold Wrap Nov. 11, 2022

They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what’s the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets’ reaction to it and wonders if the inflation victory dance is a little […]

Auto Loan Delinquencies at 10-Year High

With prices rising and real wages falling, many Americans are struggling to make ends meet. They are increasingly turning to credit cards and other debt to fill the gap. But that creates other problems. Debt has to be repaid and a growing number of Americans are struggling to keep up with payments. Auto loan delinquencies […]