Peter's Blog
Get the latest headlines, market analysis, and original content from SchiffGold.
Posts Tagged: “rent“
Recession Warning: US Small Businesses Struggling to Pay Rent
In another sign of a struggling economy, small businesses are having an increasingly hard time paying rent. According to Alignable’s November Rent Poll, 41% of US small businesses reported they couldn’t pay their rent in full and on time in November. That was a 4 percentage-point increase from the previous month.
Exclusive Weekly Email Updates
Peter Schiffs's Gold News
Original Analysis
Videos
Interviews
Guest Commentaries
Key Gold Headlines
Gold Scams Exposed
Exploring Finance
Millions of Americans Face Eviction in Coming Months
The economy is fine, so we’re told. There is no recession, so we’re told. The Federal Reserve has everything under control, so we’re told. Meanwhile, 3.8 million Americans say they could face eviction in the next two months. It doesn’t sound like everything is fine.
CPI Housing Cost Calculation Hides True Extent of Inflation
The government CPI data for August came in slightly under expectations. Nevertheless, a 0.3% month-on-month increase in prices is significant. And a dig into the numbers reveals something wonky. The way the government calculates housing costs drastically understates rising prices and skews overall CPI to the downside.
Peter Schiff: Biden’s Rent Gambit
The “transitory” inflation swamping the country has stubbornly persisted into July. Producer prices posted a second straight 1% month-over-month increase, which brought the full-year number to a record 7.8%. Twelve-month US export prices rose 17.2%, and nearly 22% if the rate of the first seven months of 2021 were annualized. (I find it telling that […]
Taxpayers on the Hook for Nearly Half of Apartment Building Mortgages
This is not the ideal time to own an apartment building. Millions are struggling to pay rent and despite the extension of the federal eviction moratorium through Jan. 31 in the latest stimulus bill, a lot of people will likely face eviction in the coming months. According to data released in November, 17 million households […]
The Rent’s Too High!
More and more Americans are struggling to pay their rent. According to a report from the Joint Center for Housing Studies of Harvard University, one in four renters are paying more than half their income on housing. This equates to 10.9 million renters.