Peter's Blog

The U.S. labor market took an unexpected step backward in February, shedding 92,000 non-farm payroll jobs after a modest 126,000 gain in January, according to Friday’s Employment Situation release. Headline unemployment barely budged at 4.4 percent, yet 7.6 million Americans remain officially out of work and an increasing share of them are looking for jobs […]

In his latest interview with Glenn Diesen, Peter focuses on the economic fallout from the recent war and what it means for jobs, inflation, and the dollar. He argues policymakers are stampeding toward more debt and money printing at exactly the wrong time, which makes gold and silver an increasingly sensible hedge for savers who […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

America’s manufacturing engine kept chugging in February, but it’s clearly running on thinner fuel. The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) dipped to 51.6, the softest reading in seven months and down from January’s 52.4. While any mark above 50 signals expansion, survey respondents pointed to brutal winter storms and fresh tariff levies […]

U.S. private-sector hiring slipped into negative territory last month, according to the November ADP National Employment Report released December 3rd. Payrolls fell by 32,000 positions—an abrupt reversal that economists say underscores gathering economic headwinds and a wary consumer. Small businesses were the hardest hit, shedding 120,000 jobs, while the spot price of gold briefly punched […]

The American services engine came more than one point under expectations but stayed in the green by the slimmest of margins last month, even as price pressures roared back to life and trade frictions deepened. The Institute for Supply Management’s Services Purchasing Managers’ Index (PMI) came in at 50.1 for July, just a whisker above […]

In an interview last week on Kitco News, Peter joined Jeremy Szafron to offer his latest insights into the unraveling U.S. economy, surging gold prices, and rapid inflationary pressures. Peter explains the Fed’s precarious position, the imminent threat of a U.S.-centric financial crisis, and why he thinks we’ve already entered serious economic decline, despite the […]

In Friday’s episode of the Peter Schiff Show, Peter delivers a sobering analysis of “Liberation Day,” exposing the false promises behind Trump’s protectionist measures and their immediate impact on American stocks. He sheds light on the constitutional issues around tariffs, their economic implications, and highlights the urgent need for fiscal responsibility and government spending cuts.

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]

On his Sunday night broadcast, Peter dove into the fallout from President Trump’s tariff policy, which surprised markets on Friday. Peter explores everything from foreign exchange moves to the tariffs’ impacts on everyday American consumers, using analogies to illustrate how these policies could unravel the American economy.