Peter's Blog

We are living through the early stages of a technological revolution, and Wall Street is salivating over artificial intelligence. AI is being hailed as the new electricity: a transformative force destined to rewire nearly every industry, capital flows, and the very nature of human productivity itself. 

New York’s manufacturing sector faced another difficult month, marking a consistent four-month decline according to the recent Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The general business conditions index fell sharply to -16.0 in June, emphasizing the continued contraction in regional economic activity. Despite the deteriorating conditions, there is […]

As the Fed becomes even more dovish on inflation, average Americans are paying the price on everyday goods and services. The price of beef, in particular, exemplifies the problems that arise when the government tinkers with interest rates and grows deficits with no end.

The world has watched for decades as U.S. ports have lagged behind their international counterparts. As they have become increasingly plagued by congestion, delays, and rising costs, it becomes increasingly clear that the publicly-owned port authorities are failing to meet the demands of modern global trade. The solution lies in privatization, a much-needed approach that […]

Amid ongoing tension in the Middle East, Iranian President Ebrahim Raisi and the foreign minister have been confirmed dead Monday after a helicopter crash. The officials’ shocking demise casts additional investor doubt on a region already plagued by economic upheaval, with supply chain uncertainties fueling record-high metal prices this week.

While the total annihilation of the Francis Scott Key Bridge in Baltimore probably isn’t a “Black Swan” big enough to trigger a global collapse, it adds potent fuel to several fires in an already fragile global economy.

The mainstream blames inflation on “supply chain bottlenecks.” But they have it completely backward. In reality, Federal Reserve-created inflation is causing the supply chain mess.