Peter's Blog

Peter Schiff: The Worst of Both Worlds — Inflation and Recession

The CPI cooled in July. The White House and others in the mainstream continue to insist there is no recession. Is everything looking up? Peter Schiff was on Fox Business with Liz Claman, Kenny Polcari (Slatestone Wealth Peak Market Strategist), and Teddy Weisberg (Seaport Securities) to discuss the Fed’s attempt to fight the inflation it […]

Now What? SchiffGold Friday Gold Wrap Aug. 12, 2022

The Consumer Price Index data for July cooled even more than expected. The question is how will the Federal Reserve play this? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, talks about the Fed reaction, and speculates about the Fed’s next move and its impact on […]

Peter Schiff Damn the Recession! It’s Rate Hikes Ahead!

After the second straight negative GDP print in Q2, the markets began anticipating that the Federal Reserve would pivot away from its monetary tightening. But a few choice words from some Fed members this week caused thoughts of a pivot to pivot. As Peter Schiff put it in his podcast, it appears to be damn […]

Fed Balance Sheet Reduction: Too Little Too Late

Another month in and the Fed is still struggling to implement Quantitative Tightening (QT). According to the plan the Fed outlined last May, the central bank should be shrinking the balance sheet by at least $47.5B a month, spread between $30B in Treasuries and $17.5B in MBS. That’s not happening.

European Central Bank Goes Hawkish! But Not Really

Inflation and rapidly spiking prices aren’t just a problem in the US. It’s gotten so bad in Europe that that perpetually dovish European Central Bank (ECB) has been forced to go hawkish. But not really. Just hawkish for the ECB. Last week the ECB raised interest rates for the first time since 2011. The bank […]

Words Matter! SchiffGold Friday Gold Wrap July 22, 2022

We’ve heard all kinds of excuses for inflation. It was COVID. It was Putin’s price hikes. It’s greedy corporations. This week, we learned it’s the millennials’ fault. As host Mike Maharrey explains in this week’s Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? […]

Ron Paul: Everybody Is Feeling Inflation Pain, Even Penguins

Inflation is off the chain. The CPI rose by 9.2% on an annual basis in June. As Ron Paul explains, everybody is feeling the pain. Even penguins.

Now Inflation Is the Millennials’ Fault! Or Is It?

Putin is causing inflation. Greedy corporations are causing inflation. COVID-19 caused inflation. We hear all kinds of reasons for the recent spike in prices. And now we have a new one. It’s the millennials’ fault. This is all wrong and it illustrates the problem with redefining inflation to be something it isn’t.

The Fed’s Sophie’s Choice: SchiffGold Friday Gold Wrap July 15, 2020

It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data […]

Another Hot CPI Read Backs the Fed Deeper into a Corner

Fed Chair Jerome Powell and other members of the central bank have continued to talk tough about fighting inflation. But I’m pretty certain that in private, they were desperately hoping to see some cooling in the inflation data so they could start backing out of the ring. With a recession pretty clearly on the horizon […]