Peter's Blog

The Quick and Dirty on Inflation

The inflation freight train continues to barrel ahead. Not only are consumer prices at historically high levels; producer prices continue to run ahead of CPI, casting some doubt on the “peak inflation” narrative in the mainstream. Despite the fact that inflation has been running hot for over a year, the mainstream pundits, government officials and […]

The Fed’s Conundrum: SchiffGold Friday Gold Wrap April 22, 2022

The Fed faces a real conundrum. Bond yields continue to rise. The only thing that can stop it is a central bank pivot back to rate cuts and quantitative easing. But the Fed needs to raise rates and shrink its balance sheet to fight inflation. In this episode of the Friday Gold Wrap podcast, host […]

Don’t Miss the “Real” Story on Rising Bond Yields

Earlier this week, the yield on the 30-year Treasury rose above 3% for the first time since April 2019 as the carnage in the bond market continues. Rising yields have put pressure on gold. The yellow metal flirted with $2,000 an ounce but has since fallen below the $1,950 resistance. Once again, investors are fixated […]

Peter Schiff: Real Incomes Collapsing at an Unprecedented Rate

Americans are earning more, but inflation is eating up their rising wages and then some. In his podcast, Peter Schiff talked about the unprecedented collapse in real incomes and how it will trickle down through the economy.

Americans Spending More, Getting Less and Borrowing More to Pay for It

American consumers are spending more, getting less, and borrowing more to fund this involuntary spending spree. Retail sales in March were 7% higher than they were in the stimulus-fueled March of 2021, but thanks to inflation, they didn’t get as much bang for their buck.

Oof! That Didn’t Age Well!

On July 23, 2020, CNBC published an article by Elizabeth Schulze headlined: Here’s why economists don’t expect trillions of dollars in economic stimulus to create inflation. That one didn’t age well, did it?

If the Fed Is Fighting Inflation Why Is the Balance Sheet Still Expanding?

If the Fed is fighting inflation and has ended quantitative easing, why is its balance sheet still going up? In the week ending April 13, the balance sheet grew by $27.9 billion, hitting a new record of $8.965 trillion. This is up about $3 billion from its previous high in March.

Peter Schiff and Megyn Kelly: “Putin’s Price Hike” Is a False Narrative

The Consumer Price Index hit 8.5% on an annualized basis in March, the highest level since 1981. In an attempt to get ahead of what everybody knew would be bad news, the Biden administration started blaming Russia for the big CPI before the data even came out. White House press secretary Jen Psaki said, “We […]

Powell’s Price Hike: SchiffGold Friday Gold Wrap April 15, 2022

We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it “Putin’s price hike.” Friday Gold Wrap host Mike Maharrey says it would be more appropriate to call it Powell’s price hike. In this episode of the podcast, he […]

More Inflation Pain: Producer Prices Chart Biggest Increase Ever

The mainstream seemed to take the March CPI data as good news. With core CPI coming in below expectations, the narrative is that we’ve probably hit peak inflation. But the producer price data that came out yesterday tells a different story.