Peter's Blog

Along with Trump, market watchers are salivating for rate cuts. But rates should be higher, not lower—and in a free market, they would be. In a free market, interest rates are determined by the supply and demand for credit. Savers provide capital (supply) while borrowers like businesses, consumers, and governments create demand. Rates would reflect […]

Trump has repeatedly pressured Powell to lower interest rates, thinking that a spiral of Keynesian growth can undo the damage he has wrought with tariffs and one of the most hands on governments economically in recent memory. Let alone the theoretical weakness of Trump’s stands, he is viewing the Fed in an unprecedented yet still […]

This year’s April Fools joke from the Federal Reserve is the same this year as every other:  Pretending that a small group of unelected academics can micromanage the economy to create an ideal balance between employment, inflation, and cost of borrowing. The Fed wants to control the economy, but all it achieves is distortion. And […]

For the last two years, the media and establishment political class have claimed Fed policy has been sufficiently restrictive to tame inflation. But with Jerome Powell’s recent admission that inflation is higher than it should be, it’s clear that the Fed has not been hawkish enough. The following article was originally published by the Mises […]

Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up?

Fed chair Powell slammed the “panic button” this week. On Wednesday the Fed began a rate-cutting cycle in an environment of rising unemployment. This situation is historically associated with recession, but Powell is desperate for you to think that “this time is different.”

Yet again the myth of a “soft landing” even as the CPI surges past its target. Powell is now keen to extinguish the fire though disastrous rate cuts, a sign that the recession is already here.

With gold hitting yet another awe-inspiring all-time high in the wake of Powell’s remarks reassuring markets (more or less) to expect rate cuts in 2024, a few analysts are pointing out risk factors for a correction — so is there really still room to run?

On Sunday, Peter recapped a stellar week for gold. He also provided an analysis of President Biden’s State of the Union Address and criticized Fed Chair Jerome Powell’s perspective on the economy. 

The Federal Reserve will play a pivotal role in the upcoming election and aim to boost President Biden or another Democratic candidate.