Peter's Blog

More Inflation Coming Down the Pike; Producer Prices Up Big Again

In another sign that the inflation train is far from running out of steam, producer prices were up big again in February. The Producer Price Index (PPI) for final demand surged 0.8% month on month. This was close to the expectation. The annual increase in producer prices came in at 10%, tying the all-time record.

The Fed’s Feckless Inflation Fight

The Fed is supposedly about to step into the ring to fight inflation. But all indications are it’s going to be a feckless fight.

Peter Schiff with Tucker Carlson: Inflation Only Has One Way to Go!

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go. Up.

Is the US Undermining the Dollar’s Credibility?

The credibility of the dollar is taking some self-inflicted blows. And the world is watching. Could this hasten the end of the greenback as the world’s reserve currency?

Gold Touches Record Territory and It’s Not Just Russia

Gold pushed above $2,000 an ounce on Tuesday and made a run at the all-time record high. The yellow metal was up $54 on the day, closing at $2,052 despite some selling after it nudged the all-time high. Some of this is clearly safe-haven buying due to the situation in Russia, and a lot of […]

Who Cares About the Trade Deficit? We All Should

The trade deficit shattered records in 2021. Things didn’t slow down any as we rolled into 2022. The January trade deficit hit another all-time record high. But nobody really seems to care. We should.

Less for More: SchiffGold Friday Gold Wrap March 4, 2022

You’re getting less for more every time you pull out your wallet. Inflation is chewing up the average person’s paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He also talks about Jerome Powell’s testimony before Congress, the trajectory of monetary policy, the strength […]

Inflation Continues to Chew Up Your Paycheck

Inflation continues to chew up your paycheck. While consumer prices rose 0.7% in January, income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. was essentially flat. And when adjusted for inflation, real personal income fell by 0.5%.

Stagflation Warning: Atlanta Fed Cuts Q1 GDP Projection to Zero

On Tuesday, the Atlanta Fed cut its GDP estimate for the first quarter of 2022 to zero. Just a few days ago, the estimate was for 0.6% growth. That was down from 1.3% just a few days before that. This is not an encouraging trend.

Peter Schiff: Russia Is the New “Excuse Variant” for the Fed

The Russian invasion of Ukraine has completely changed the market dynamics. In his podcast, Peter talked about the impact the situation is having on the markets and the global economy. He also looked ahead, saying Russia can now serve as a convenient excuse for the Fed to back off its planned monetary tightening. Of course, […]