Peter’s Blog

On Friday’s episode, Peter focuses on the Harris campaign’s recently announced and economically illiterate policy proposals, including what are effectively price controls and additional subsidies to drive housing costs up. He also discusses what proved to be a great week for gold, with the metal finishing the week above $2500.

Unveiling her set of “populist” economic actions for her first 100 days in office, Democratic presidential nominee Kamala Harris has promised a slew of government interventions to ease economic pain for Americans. But, like all economic interventions, they’ll make the problem even worse, cutting out the free market’s natural balancing mechanisms in favor of central […]

In this mid-week episode, Peter analyzes recent PPI and CPI reports, reiterates his September rate-hike prediction, and comments on the Tump-Musk X interview that garnered the country’s attention on Monday. He also diagnoses the source of high housing and education costs that have made the economy feel so brutal to everyday Americans.

With the expectation of an interest rate cut soon, commercial real estate stocks are up. But while lower interest rates might kick the can down the road, they can’t fill empty office buildings — so they won’t end the post-COVID CRE doom loop that could trigger a banking meltdown.

Americans are already struggling to feed their families and pay their bills, but having predicted every US recession since 1960, the flattening bond yield curve is speaking loud and clear that an “official” downturn is nearly inevitable. With bond prices on the rise as the Fed looks increasingly likely to cut rates in September, the […]

As the Chinese central bank slashes interest rates in a bid to save its floundering economy, and the Bank of Japan continually intervenes to the tune of billions to save its dying yen, wealthy Chinese consumers are headed in droves to Japan to take advantage of the exchange rate and load up on fancy goods. […]

Government bailouts are surging, converting temporary bank-created money into permanent inflation. This inflation hurts the poor and benefits well-connected banks, driving inequality.

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.

Boeing’s commercial jets struggle, but its military machines thrive, all fueled by endless fiat money.

Mainstream economists dismiss Modern Monetary Theory (MMT) as outlandish and absurd, yet ironically, they share core beliefs which are frighteningly similar. MMT is now showing up everywhere in mainstream economic views, and this could spell disaster for the economy.