Peter's Blog

Tanking Housing Market a Red Flag for the Broader Economy

It’s getting harder and harder to deny recession reality. Even as the Biden administration tries to spin itself out of that reality with a propaganda campaign, many in the mainstream seem to be waking up. On Monday (July 25), Reuters reported that the tanking housing market is a red warning flag signaling a recession.

Words Matter! SchiffGold Friday Gold Wrap July 22, 2022

We’ve heard all kinds of excuses for inflation. It was COVID. It was Putin’s price hikes. It’s greedy corporations. This week, we learned it’s the millennials’ fault. As host Mike Maharrey explains in this week’s Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? […]

Ron Paul: Everybody Is Feeling Inflation Pain, Even Penguins

Inflation is off the chain. The CPI rose by 9.2% on an annual basis in June. As Ron Paul explains, everybody is feeling the pain. Even penguins.

Now Inflation Is the Millennials’ Fault! Or Is It?

Putin is causing inflation. Greedy corporations are causing inflation. COVID-19 caused inflation. We hear all kinds of reasons for the recent spike in prices. And now we have a new one. It’s the millennials’ fault. This is all wrong and it illustrates the problem with redefining inflation to be something it isn’t.

The Fed’s Sophie’s Choice: SchiffGold Friday Gold Wrap July 15, 2020

It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data […]

Another Hot CPI Read Backs the Fed Deeper into a Corner

Fed Chair Jerome Powell and other members of the central bank have continued to talk tough about fighting inflation. But I’m pretty certain that in private, they were desperately hoping to see some cooling in the inflation data so they could start backing out of the ring. With a recession pretty clearly on the horizon […]

How Long Will the Fed Hawks Keep Flying?

After the June FOMC meeting and the Fed’s 75- basis point interest rate hike, I argued that the central bank is totally winging it. Reading between the lines in the minutes from that June meeting seems to bear this out. The Fed appears to be in reaction mode. The question becomes what will it react […]

Gazing Into a Hazy Crystal Ball: SchiffGold Friday Gold Wrap July 1, 2022

Federal Reserve Chairman Jerome Powell continues to insist that the economy is strong enough to withstand tighter monetary policy to fight inflation. But the economy seems to be saying otherwise. So, how will this play out? In this week’s Friday Gold Wrap podcast, host Mike Maharrey gazes into his crystal ball and speculates about what […]

Rick Rule: Fed Will “Chicken Out” on Inflation Fight

Well-known investment advisor Rick Rule said the Fed will chicken out on its inflation fight. Rule runs Rule Investment Media and formerly served as the president and CEO of Sprott US Holdings Inc. In a recent interview, Rule said that the Fed could get inflation under control with significantly tighter monetary policy for a sustained […]

Big Government Help Isn’t Helping

Ronald Reagan once said the most terrifying nine words in the English language are, “I’m from the government and I’m here to help.” One of the biggest problems with government help is that it always comes at a cost. And the burden of that cost almost always falls on the very people that big government […]