Peter's Blog

Congress Must Reclaim Its Authority Over Tariffs

President Trump continues to make waves with tariffs, with each announcement sending the market into a frenzy. Whether said tariffs will make economic life better is doubtful, but one thing is certain. It is foolish to entrust the power to levy such taxes to one man.

After Halloween, the Economy Could Get Spooky

The presidential election is on November 5th, and radical economic promises abound. The very next day, the Fed will meet to decide on more interest rate cuts. Gold and silver are holding all-time highs. With all these factors and more, after Halloween, we will see just how spooky things can get for the US economy.

Boeing Strikes Bode Ill for the U.S. Economy

“No” is Boeing’s final word to union workers, who say they plan to remain off work for the “long haul” after the company walked away from the negotiating table.

Peter Schiff: The Economy May Already Be in Recession

Recent data have many cheerful about the economy. But according to Peter in his latest podcast, the economy may already be in recession. Here are some of Peter’s biggest causes for concern:

Peter Schiff: The Dark Ages for US Housing and Manufacturing

The president touted a manufacturing renaissance. However, economic indices show US manufacturing entering a Dark Age. Home sales are not looking bright, either.

Peter Schiff: All Roads Lead to Hard Landing and Higher Inflation

The markets still seem to believe the Federal Reserve can ratchet price inflation back down to 2% while bringing the economy to a relatively soft landing. In his podcast, Peter Schiff throws cold water on this hopeful narrative. He goes through the economic data that came out last week shows that all roads appear to […]

Peter Schiff: More Economic Data Confirms a Recession

A lot of mainstream pundits concede that the US economy is heading for a recession as the Federal Reserve continues to crank up interest rates in its inflation fight. But as Peter Schiff explained in a recent podcast, there is plenty of data that indicates the economy is already in a recession.

America’s Trade Surplus in Services Shrinks as Trade Deficit in Goods Balloons

Americans consume goods other people produce. As America offshored its manufacturing, it promised to supply the world with high-priced services and technology in exchange. But as it turns out, that promise never materialized. The ballooning overall trade deficit bears this out. It leaped to another record high in March, surging 5.6% month-on-month to a new […]

US Stimmy Checks Support Foreign Manufacturing Economies

What do you get when you hand Americans big fat stimulus checks after decades of offshoring the country’s manufacturing economy? Massive trade deficits.

It’s Deja Vu All Over Again: SchiffGold Friday Gold Wrap Oct. 25, 2019

We’ve talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it’s eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It’s a little like deja […]