Peter's Blog

Peter Schiff: The Recession Is Obviously Coming

The Dow Jones fell 831 points Wednesday, a decline of more than 3%. Meanwhile, the S&P 500 charted its biggest daily decline since February and the Nasdaq Composite dropped 4.08 percent. This follows on the heels of a 200-point drop in the Dow last week after the 10-year US Treasury yield hit the highest level […]

Ron Paul: We Have the Biggest Bubble in the History of Mankind.

The mainstream is giddy about the “booming economy.” We have rising stock markets, continued job creation and solid GDP growth. But Ron Paul recently appeared on CNBC Futures Now and threw a big bucket of cold water on the mainstream narrative. He said we are barreling toward a recession. 

American Consumers Now Over $3.9 Trillion in Debt

Americans continue to pile up debt, adding to numbers that were already at record levels. US consumer debt increased by $20.1 billion in August, pushing total consumer credit to a record $3.94 trillion, according to the latest numbers from the Federal Reserve. That comes to a 6.2% annual growth rate.

Peter Schiff: Are Rising Interest Rates About to Prick the Bubble?

The end of last week was tough on US stock markets. The Dow fell off about 200 points on Thursday and another 180 on Friday. But despite those drops, the Dow was only down slightly on the week. The NASDAQ, on the other hand, fell more than 3% last week and the S&P 500 was […]

Tripping Down the Primrose Path to Ruin: SchiffGold Friday Gold Wrap 10.05.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

The Federal Debt Spiral

Death-spiral — The downward, corkscrew-motion of a disabled aircraft which is unrecoverably headed for a crash. The US federal government may well be in a death spiral  – or perhaps we should call it a debt-spiral. 

US Treasury Yields Hit Seven Year High; Rising Interest Rates Could Be Bad News in Debt-Ridden Economy

Interest rates are climbing quickly. The yield on the 10-year US Treasury hit the highest level since 2011 in the midst of a massive bond sell-off Wednesday. The selloff spread across the globe on Thursday morning. ZeroHedge called the spike in yields a “monster move.”

Gold Bulls and Fed Camels: SchiffGold Friday Gold Wrap 09.28.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Which Fed Rate Hike Will Finally Break the Economy’s Back?

As expected, the Federal Reserve nudged interest rates up another 25 basis points Wednesday. The federal funds rate now stands at 2.25%. The Fed offered up a rosy outlook for the US economy, projecting growth will continue for the next three years. The central bank also dropped the phrase, “the stance of monetary policy remains accommodative” […]

Paul Krugman, the Federal Reserves and the Fatal Conceit of Keynesian Economics

A recent Paul Krugman New York Times column praised the success of the Keynesian macro model in the wake of the 2008 financial crisis. In his view, the Federal Reserve did exactly what was necessary  – pushed interest rates to zero and launched rounds of quantitative easing to jumpstart demand. As Tom Woods and Bob […]