Peter's Blog

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.

Peter Schiff: Booming Stock Market Mirrors Dot-Com Bubble

This week Peter covers the highlights of a volatile trading week, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies’ shares experienced dramatic price action this week, with NVDA gaining $260 billion in market cap and pulling the market up after an excellent earnings […]