Peter's Blog

In times of economic hardship, like today, politicians often take aim at the wealthy entrepreneurship class, usually employing the rhetoric of socialists like Marx. Rather than blame the rich for their economic woes, the American people should aim their ire at those responsible: profligate spenders in Washington and their cronies.

On Wednesday, after the Fed’s 25 basis point rate reduction was announced, Peter appeared on Fox Business to give his initial analysis of the policy move. Peter starts the interview by criticizing Jerome Powell’s messaging, pointing out that Powell is overstating how hawkish he’s been on inflation.

On Friday’s episode of the Peter Schiff Show, Peter dives into a week of new inflation data. He calls out the shaky foundations of the so-called “strong” economy, criticizes foreign central bank policy, and explains how inflation masks the benefits of economic growth.

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.

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends.

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

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.

The troubled yen surged last week as the Fed cemented their decision to implement a huge interest rate cut as Shigeru Ishiba, an advocate for higher interest rates in Japan, won the election for Japanese Prime Minister.

Last Tuesday, Jason Burack, host of “Wall St for Main St,” interviewed Peter. They cover the state of gold and silver markets, the similarities between 2024 and 2008, and the flaws with government data. Peter also predicts a return to QE-style Fed policy in the near future. 

This analysis takes the BLS inflation data and recalculates the percentage changes at the category level to get unrounded numbers. The total number ties to the BLS, but it gives more detail at the granular level.