Peter's Blog

On Monday, Peter appeared on Global Gambit with host Pyotr Kurzin to discuss the latest in geopolitics. Peter walks through the market and geopolitical fallout from the recent conflict in Iran and explains why the immediate market moves are misleading. He ties the spike in inflation not just to oil but to larger fiscal choices—bigger […]

Last week Peter appeared on Triangle Investor to discuss the latest economic news, including last week’s 2.4% CPI figure. Over the course of the interview he connects rising precious metal demand to central bank behavior, warns that runaway interest costs are about to reshape federal finances, critiques crypto’s fragile dynamics, and explains how artificially low […]

Gold closed out 2025 in runaway mode, notching fresh all-time highs on 53 trading days and sprinting to an intraday peak of $4,514 per ounce on the year’s final Friday. The blistering rally ignited a historic rush into physically backed exchange-traded funds (ETFs), which absorbed a record $89 billion and more than doubled global assets […]

Federal Reserve Bank of New York President John Williams flew to Santiago this week to deliver a talk—fittingly titled “Navigating Unpredictable Terrain”—at the Central Bank of Chile’s centennial bash. While gold bulls were busy bidding the metal to a fresh high of $4,098 per ounce on Friday, Williams told the audience he still sees U.S. […]

Federal Reserve Governor Christopher Waller told the Society of Professional Economists in London Monday night that he backs another 25-basis-point cut at the December FOMC meeting, calling the move “additional insurance” against a slowing labor market. His speech, delivered barely a month after a 43-day U.S. government shutdown halted many official releases, leaned heavily on […]

Peter joined Fox Business on Wednesday to comment on the Fed’s newest rate cut and analyze the central bank’s precarious position going into the holidays. As with the last rate cut, Peter criticizes loosening monetary policy when inflation is far from under control, and he explains why the bond market isn’t going to play nice […]

Manufacturing in the mid-Atlantic hit an air pocket in October, according to the Philadelphia Fed’s latest Business Outlook Survey, even as raw-material prices kept marching higher and gold flirted with fresh highs. The headline activity index cratered 36 points to –12.8—its worst showing since April—while barely one in eight firms said conditions improved. Yet selling […]

The U.S. economy’s “early-warning siren” just grew louder. The Conference Board reported Monday that its Leading Economic Index (LEI) fell 0.3 percent in June to 98.8—a level not seen since 2020. The decline extends the LEI’s losing streak to 18 of the last 19 months and pushes its six-month drop to 2.8 percent. With the […]

Just like that, Trump’s trade war with Canada and Mexico has already ended (or at least been “paused”) before it even began. With gold hitting record new highs and the second Trump administration not even a month old, you can bet it won’t be the first “Trump Shock” to send waves through markets and media.

On Friday, Peter went live to discuss the first trading week of Donald Trump’s second term. Throughout the episode, he describes the dangers of excessive consumption and how global investment in AI might sedate the economy in the short run. He also explains the recent drop in the U.S. dollar and gives his unfiltered take […]