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U.S. consumers are bracing for higher prices over the next 12 months, according to the University of Michigan’s latest survey. One-year inflation expectations jumped to 3.3% in January, up significantly from 2.8% in December. This is the steepest increase since May and pushes the short-term outlook above the 2.3%-3.0% range seen in the two years […]
Last week, Peter joined Kai from the Soar Financially YouTube channel for an interview on the state of the economy, Federal Reserve policy, and the interplay between domestic politics, gold, and inflation. This interview is a great recap of the most important events of 2024, and Peter offers his perspective on what 2025 will hold […]
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.
America is known as the land of plenty, yet millions of Americans struggle to put food on the table daily. Despite our nation’s economic prowess, the latest data from the U.S. Department of Agriculture is sobering. In 2023, 13.5% of U.S. households experienced food insecurity, a statistically significant increase from 10.2% in 2021. This translates […]
As President-elect Donald Trump prepares to return to the Oval Office, his proposed trade policies have reignited concerns about the economic impact of tariffs on American consumers. Trump has vowed to impose sweeping tariffs of up to 20% on all imports and a staggering 60% on Chinese goods. While he claims these measures will stimulate […]
America’s healthcare system is at a crossroads. Despite repeated promises from elected officials to rein in costs, healthcare spending in the United States continues to increase at an alarming rate. In 2022, the U.S. devoted 17.3% of its GDP to health expenditures, nearly 40% more than Germany, the next highest-spending G-7 country. This excessive spending […]
While it was once verboten to imply that the Fed is anywhere near being a private for-profit corporation, and doing so would immediately (and absurdly) cause you to be labeled some kind of whacko conspiracist, even the Fed itself has been forced to admit that it is, at least in part, a cartel of private […]
Last week, Peter appeared for the second time on the Reinvent Money podcast with Paul Buitink. They discuss the rising tensions at the BRICS summit in Russia, highlighting the drive among member nations to reduce reliance on the U.S. dollar, which could drastically impact the American economy. He also weighed in on the Fed’s rate […]
“No” is Boeing’s final word to union workers, who say they plan to remain off work for the “long haul” after the company walked away from the negotiating table.
Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market.
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.
