Peter's Blog

CPI Day! SchiffGold Friday Gold Wrap June 10, 2022

The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we’ve passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why “good news” in the CPI data […]

We Are Hurtling Toward Stagflation

There are a number of signals that the US economy is getting weaker even as inflation gets stronger. In other words, we are hurtling toward stagflation.

Consumer Debt Breaks Record as Americans Up Borrowing to Cope With Inflation

Consumer debt climbed to a new all-time record in April as Americans continue to cope with rapidly rising prices. Total outstanding consumer debt rose by $38 billion in April, reaching a new record of $4.57 trillion, according to the latest data from the Federal Reserve. Total consumer debt was up 10.1% in April. It was […]

Peter Schiff and Tucker Carlson: There’s an Economic Hurricane on the Horizon

Peter Schiff recently appeared on Tucker Carlson to talk about inflation, the economy, and Treasury Secretary Janet Yellen’s admission that she was wrong about inflation. There’s an economic hurricane on the horizon and Peter said it’s going to be a Cat 5.

Hiring Slows in 5 out of 8 Sectors

The May jobs report was widely regarded as strong. The US economy added 390,000 jobs, according to the latest data. But a deeper dive into that data reveals that the labor market might not be as strong as the mainstream spin is leading you to believe. Even with all the new jobs, hiring slowed in […]

Therapy Session: SchiffGold Friday Gold Wrap June 3, 2022

Why haven’t gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also […]

Is “Normalcy Bias” Blinding Us to the Looming Economic Storm?

Average people are worried about the economy. Consumer confidence has been falling. People undoubtedly feel the squeeze of inflation. But despite their general discontent, most people don’t seem to think a severe economic downturn is imminent — despite many warning signs. Why not?

Consumer Confidence Drops Again

Consumer confidence hit a 10-year low earlier this year and continues to sag as inflation squeezes wallets. The Conference Board’s consumer confidence index for May slipped to 106.4. That was down from 108.6 in April.

Peter Schiff and Tucker Carlson — Right on Inflation!

In the spring of 2021, the Fed was still insisting spiking inflation was “transitory.” Fast forward one year. Inflation is as hot as ever. Fed Chair Jerome Powell was forced to abandon the transitory narrative last fall. In April, the CPI was up 8.3% on an annual basis. Today, Powell admits the Fed was wrong, but claims […]

The Fed Giveth; The Fed Taketh Away: SchiffGold Friday Gold Wrap May 27, 2022

When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host […]