Latest
A Tale of Two Dollars – Ep 826
· Consumer prices reported hotter than expected. · Dollar is rising on the greater fool theory. · Inflation is not a product of expectations. · It’s good politics to talk about fighting inflation. It’s horrible politics to actually fight it. · Investors sheltering in the U.S. dollar abroad are in
Official Inflation Hits Another New High – Ep 825
· Inflation is soaring across the world. · U.S. monetary and fiscal policies are at odds with each other. · Motor vehicle repair costs have highest increase since the 1974. · Dollar rises as gold tanks. · Gold stocks are at bargain prices. · Don’t fall for bait and switch
A Surge in Moonlighting Evidences Weakness Not Strength – Ep 824
· Dollar strengthened and gold tanked. · Needing a second crappy job is not good news for the economy. · Shinzo Abe was assassinated before he could be held accountable for his disastrous economic policies. · Peter Schiff was right about Elon Musk’s Twitter bluff. · Bitcoin big shot advocates
Peter Schiff Promises to work with the Puerto Rican Banking Commissioner
July 8, 2022 Peter Schiff Promises to work with the Puerto Rican Banking Commissioner (OCIF) to correct financial capitalization deficiencies, or any other possible regulatory problems cited in the OCIF order. Schiff asks that all media who falsely reported that OCIF made any charges of willful money-laundering, or other financial crimes,
Atlanta Fed Finally Forecasts Recession – Ep 823
· Atlanta Fed blindsided with negative GDO numbers. · Labor force participation rate near its lows. · Biden’s approval rating reaches new low. · Gold investments will pay off big.
A Truly Independent Fed Would Criticize Bad Fiscal Policy – Ep 822
· Gold less volatile than stock market indexes. · Bitcoin more volatile than stock market indexes. · Rising interest rates pushing up deficit. · Abortion laws should be left to the states. · Democrats are only pro-choice when it comes to abortions. · The Patriot Act should have been called
Recession Rears Uglier Head Than Inflation – Ep 821
· Dow Jones just did something it hasn’t done since the great depression. · Rates in the UK and Japan headed higher. · Weakness and volatility in crypto markets. · Government moves to ban Juul vapes. · Jerome Powell uses politics as an excuse.
75 Basis Point Rate Hike May Signal Peak Hawkishness – Ep 820
· Fed makes biggest rate hike move in 28 years. · Powell makes excuses for Fed’s role in causing inflation. · Credit card debt at all time high while credit card interest surges. · Atlanta Fed predicts zero growth for second quarter. · Green New Deal Democrats should embrace higher
The Bull Market Is Dead. The Bear May Live Long. – Ep 819
· Dow is now the only major index not in a bear market. · Bitcoin and Ethereum have a Black Monday. · Highest inflation in US history will be game changer for dollar and precious metals. · Google settles frivolous lawsuit. · Bitcoin pumpers lower the bar. · Celsius crypto
Peter's Blog
INFLATION CRASHES THE PARTY
It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is
YOU WANNA BUY A BRIDGE?
Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street
Springtime for GameStop
The central idea in the classic Mel Brooks comedy “The Producers” is that unscrupulous Broadway impresarios could succeed fabulously by creating a play so uniquely
