Peter's Blog

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 […]

War’s Economic Fallout Extends Far Beyond the Pump

With the US-Iran war held to a ceasefire, further death and destruction have thankfully been delayed. But, as the Austrian school knows, the sudden wartime disruption of production processes is an economic loss that’s hard to understate. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]

The Two-Tiered Damage of the Iran War

Do not let them get away with the war in Iran. The stock market is up, but the war’s consequences cannot be wiped away cleanly with financial success. Politicians have long avoided accountability for any sort of foreign involvement. Trump led all of his voters into believing that he wanted an end to foreign wars […]

Peter Schiff: Markets Rally on Peace — But the Fed Rules Everything

On Tuesday’s episode of The Peter Schiff Show, Peter walks through the latest flare-up with Iran, the strange market response to de-escalation, and the future of the wartime economy. He argues that headlines about war and peace are being subordinated to one force above all — the Federal Reserve — and makes the case that […]

Price Synergies of Gold and Oil Muddy the Water

Gold and oil price are connected uniquely through several different mechanisms. The recent conflict in Iran has created a massive international oil shortage and thrown the FX markets and gold prices around dramatically. While international tensions are often good for the gold market, in this situation, the price of gold experienced some dramatic downward price […]

War Is On, Oil is Up, Inflation is Coming

Wars always expose economic weaknesses that already exist. And now, as old patterns repeat themselves, we’re seeing higher energy prices, larger government deficits, and rising inflation catalyzed by the US campaign against Iran. The developing situation inIran has already sent shockwaves through global energy markets, pushing oil prices sharply higher and reigniting fears of inflation. […]

Peter Schiff: War, Oil, and Inflation Are Crushing the Economy

In his latest podcast, Peter continues his analysis of the US war with Iran and its fallout in the oil market. He argues the short-term pain from military escalation is pointless compared with the constructive pain of fiscal restraint, and he explains why misleading CPI numbers and an accommodating Federal Reserve make sound money increasingly […]

CPI Inflation Cools Amid Falling Oil Prices and Slowing Rents

With the CPI coming in at 2.7% last week– lower than the expected 3.1% – markets rallied at the hope that inflation is being tamed. 2.7% is still nearly a full point higher than the Fed’s 2.0% goal, and this hope is misplaced: the Fed’s latest cuts will only drive inflation higher. The following article […]

Trouble Ahead? The Gold-Oil Ratio Is Inching Back Up

The Gold-Oil ratio — which signifies how many barrels of oil you can buy with an ounce of gold — has been steadily rising since its dramatic COVID-era spike in April 2020. A high ratio tends to signify economic trouble and a weak dollar, since it demonstrates that gold has an even more dramatic rise […]

“The Enemy Waits:” Rocket Launch Wounds U.S. Personnel in Iraq

There’s been a “dangerous escalation” in the Middle East conflict, according to U.S. officials, who are left bandaging the wounded after a rocket detonated inside an Iraqi airbase.