Peter's Blog

Household Survey Shows 500k Jobs Lost in June while Labor Force Participation Crashes to Multi-year lows

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

AI Will Destroy Jobs? Good

The AI bubble has become a frequent fixture in the financial news cycle as pundits and institutions express their fear that, when it pops, it could drag the global economy into crisis. Central bankers and institutions like the Bank for International Settlements (BIS) are sounding alarms about debt-fueled AI investments, overexuberance, fragile funding structures, and […]

Peter Schiff: Jobs Are Worse Than They Say  

On Friday’s episode of The Peter Schiff Show, Peter takes apart the latest employment numbers and warns that financial markets are already discounting an ideal outcome few can reasonably expect. He walks listeners through why headline job gains are misleading, why stock valuations rest on optimistic assumptions about war and AI, and why the nation’s […]

Headline Report and Household Survey Show an Employment Gap of 341k Jobs in April

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

Lying Flat & Agency

The Chinese government anti-spy agency has recently been warning the youth to avoid lying flat. In a time of more limited economic mobility than the past, and with the same Chinese intense work culture in full effect, young people have started doing what they call lying flat. This is where they find ways to avoid […]

Fed Gov Waller Sees “Transitory” Landmines Everywhere 

Federal Reserve Governor Christopher Waller traveled to Auburn University on April 17th bearing a familiar message: inflation may look tame if you squint, but another surprise could be lurking around the corner. While he highlighted “underlying inflation…running close to 2 percent,” recent data—from Brent crude’s surge to gasoline topping $4.10 a gallon—tells a less tranquil […]

Household Survey Shows a YTD Loss of 1.4M Jobs

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

Schiff w/ Diesen: War Will Wreck the Economy

In his latest interview with Glenn Diesen, Peter focuses on the economic fallout from the recent war and what it means for jobs, inflation, and the dollar. He argues policymakers are stampeding toward more debt and money printing at exactly the wrong time, which makes gold and silver an increasingly sensible hedge for savers who […]

A Horrendous Job Report Looks Even Worse Under the Surface

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

Why Rate Cuts Only Delay Economic Recovery

Politicians have tricked their citizens into believing that low interest rates will solve their economic troubles– perhaps by lowering housing prices or stimulating the economy out of a recession. In reality, slashing rates isn’t a cure to economic ailments; it’s a poison that corrupts saving and investment and raises prices across the economy. The following […]