Peter's Blog

Fun on Friday: My Love-Hate Relationship With Social Media

I have a love-hate relationship with social media. On the one hand, I now have a number of really close friends that I would have never met without Facebook. I’m talking people I connected with on the social media platform and now hang out with in real life. It’s pretty amazing to be able to […]

You Will Sacrifice and It Will Hurt

Many people have likened the battle against coronavirus to a war and invoked imagery of the US fighting World War II. President Trump has even deemed himself a “wartime president.” The president told reporters at a White House briefing that fighting the virus would require a sacrificial national effort just like it took to defeat […]

Peter Schiff: Trump and the Fed Are Reading Off the Same Script

Stocks took off on Friday on several big news items – most significantly President Trump’s announcement that the US and China have worked out phase one of a trade deal. In his podcast, Peter broke down the news. He also made an interesting observation: Trump and the Federal Reserve seem to be reading off the […]

Trump Calls for Obama-Era Monetary Stimulus

The “Powell Pause” is not enough. President Donald Trump not only wants interest rates cuts; he wants to put quantitative easing back in play. During an interview Friday, the president once again complained about the Fed’s 2018 interest rate increases, saying “they really slowed us down.” Trump wants stimulus and called on the Fed to […]

Peter Schiff: GDP Number Is an Aberration

The second quarter GDP number released Friday came in at 4.1%. It represents the fastest rate of growth since 2014. President Trump called the number “amazing,” bragging that, “We’ve accomplished an economic turnaround of historic proportions.” Peter Schiff wasn’t quite as impressed. In his latest podcast, he said this “peak GDP” is an aberration and it’s setting […]

Has Trump Has Set Himself Up as a Fall-Guy? Could the US Go Socialist? Peter Schiff Talks Politics

Peter Schiff talked politics in his latest podcast and raised a sobering question: Could the US be on the path toward a socialist administration? Peter noted that we are long overdue for a recession. There are plenty of signs a major economic downturn could be lurking right around the corner, including stock market weakness. And […]

Are These Jobs Numbers “Beautiful” or Fake News?

Jobs numbers came out Friday better than expected. According to the Labor Department, the US economy added 313,000 jobs last month, the most since October 2015. Economists had anticipated a gain of about 200,000. Wage growth was less stellar, ticking up just 0.1%. Analysts projected a 0.2% increase after a pretty significant jump of 0.3% […]

Focus on Fundamentals: SchiffGold Friday Gold Wrap 03.09.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: Fire All the Government Economists

President Trump’s top economic advisor announced his resignation this week in the midst of a budding trade war. Gary Cohn heads the National Economic Council. He was a “free trade” guy and generally opposed to high tariff policies. Most analysts think his resignation is a sign he lost the internal White House struggle over trade […]

Political Rhetoric vs. Economic Reality

Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it’s important to focus beyond the political theater and take a hard look at where the US economy […]