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POSTED ON January 23, 2023  - POSTED IN Peter's Podcast

Last week, the Producer Price Index data finally showed some cooling of wholesale prices. That coupled with better-than-expected CPI data further buoyed hope that the Fed is winning the war on inflation. But in his podcast, Peter Schiff emphasized that easing inflation is transitory. And a weakening dollar will be a big part of the story.

POSTED ON January 13, 2023  - POSTED IN Exploring Finance

The CPI cooled again in December driven by a massive fall in Energy prices. As shown below, the fall in Energy has been a big reason for the recent drop in inflation. Commodities have also been a driver down as Used Cars and Trucks fell -2.5% MoM and -8.8% YoY. That said, stickier items like Shelter continue to increase.

POSTED ON January 13, 2023  - POSTED IN Friday Gold Wrap

The headline numbers from December’s CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that “cooling” price inflation is most likely transitory and the markets still don’t really understand the Fed’s position. He also gives an overview of gold’s performance in 2022.

POSTED ON January 12, 2023  - POSTED IN Original Analysis

Based on the headline numbers, price inflation cooled again in December, boosting market optimism that the Federal Reserve will continue to ease off the pedal on its monetary tightening. But this could be setting the stage for more price inflation down the road.

And a deeper look at the data reveals that a lot of inflationary pressure remains despite the optimistic headlines.

POSTED ON December 19, 2022  - POSTED IN Peter's Podcast

Last week, CPI data came in cooler than expected but Jerome Powell’s rhetoric remained hot. The Federal Reserve raised rates by 50 basis points and the Fed chair maintained a hawkish tone. Peter talked about the CPI data and the Fed meeting in his podcast. He said the bottom line is the Fed is still completely oblivious to the disaster it has created.

POSTED ON December 16, 2022  - POSTED IN Friday Gold Wrap

It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it’s important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data and the Fed meeting with his eye firmly focused on that ball.

POSTED ON December 14, 2022  - POSTED IN Original Analysis

The Federal Reserve got just the news it needed to plausibly go forward with a soft pivot in its monetary policy and begin to slow its pace of rate hikes. But while price inflation appears to be retreating, it’s far from beat.

The Consumer Price Index (CPI) for November came in lower than expected, according to the latest data from the Bureau of Labor Statistics.

POSTED ON November 28, 2022  - POSTED IN Original Analysis

When people talk about “inflation” today, they generally mean rising prices as measured by the Consumer Price Index (CPI). But historically, “inflation” was more precisely defined as an increase in the amount of money and credit causing advances in the price level. Inflation used to be understood as an increase in the money supply. Rising prices were a symptom of inflation.

I find this change in definition problematic. But many disagree with me. They argue that I’m being pedantic and the definition doesn’t really matter all that much.

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