Economy

Image for Peter Schiff: Has Fed Talk Pricked the Mother of All Bubbles?

Peter Schiff: Has Fed Talk Pricked the Mother of All Bubbles?

We’ve seen a significant rotation out of the overpriced, high-risk momentum stocks that enjoyed the benefit of the bubble. They are now collapsing – not because the Fed has actually tightened monetary policy, but just because it talked about it.

10 hours ago By Schiff Gold

Image for War on Cash: The Digital Dollar

War on Cash: The Digital Dollar

Government-issued digital currencies are sold on their promise of convenience and security. But there is a darker side – the promise of control.

10 hours ago By Schiff Gold

Crypto Market Loses $130 Billion In One Day Amid Ukraine Tensions

Major digital assets drop to multi-month lows

10 hours ago By RT

Target CEO Says Consumers Should Shop Less, Stay Home Amid Inflationary Storm

"Some of the historical ways consumers react to inflation will play out again in 2022"

4 days ago By Zero Hedge

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Jan 21, 2022

Amazon to Tell You What to Wear

Customers will use app to shop at world's first large interactive store

Jan 20, 2022

Stop Trying to Turn Economics into a Branch of Psychology

People operate within a framework of ends and means; they use various means to secure ends.

Jan 20, 2022

Supermarkets Report Food Shortages After Canada Imposes Trucker Vax Mandate

Cross-border vaccine mandates could break heavily stressed supply chain

Jan 20, 2022

Jan 19, 2022

Peloton Insiders Dump Half A Billion Dollars In Stock Before Crash

Peloton, which sells at-home exercise equipment like bikes and treadmills, has experienced a collapse in market capitalization by at least 80% in the past year.

Jan 18, 2022

Auto Stocks On Watch After Ugly European Vehicle Registration Data Shows 22% Plunge

Parts suppliers and auto makers like Stellantis, Daimler, BMW, Volkswagen and Renault will all be on watch for the upcoming week.

Jan 18, 2022

Peter Schiff: This Bubble Economy Is Going to Burst

"We have just seen the tip of an inflationary iceberg"

Jan 17, 2022

McDonald’s to Slash Hours By 10% Due to Labor Shortage

Fast food giant says rise in COVID infections battering workforce

Jan 14, 2022

Real Wages Plummet as Inflation Hits the US Recovery

Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting

Jan 14, 2022

The Money Supply Grew in November, But the Bigger Trend Is Way Down

Even with November's small rise, money supply growth is far below the unprecedented highs experienced during the past two years. This points to a weakening economy

Jan 13, 2022

Peter Schiff: The Inflation Freight Train

“Transitory” inflation has now been running hot for a full year.

Jan 13, 2022

Despite Record Receipts Uncle Sam Still Ran a Budget Deficit in December

The mainstream breathlessly reported this as good news. It was, after all, the smallest budget deficit in two years.

Jan 12, 2022

Peter Schiff: The REAL Reason Gold Hasn’t Gone Up and Why It Ultimately Will

Generally speaking, rising interest rates increase the opportunity cost of holding gold.

Jan 12, 2022

US Apartment Occupancy Hits Record High After COVID-Fueled Migration

97.5% of professionally-managed apartments in US were occupied last month

Jan 11, 2022

The Federal Reserve Keeps Buying Mortgages

The Federal Reserve now owns $2.6 trillion in mortgages

Jan 11, 2022

How Easy Money Inflated Corporate Profits

After many months of covid stimulus, there's a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory

Jan 11, 2022

What Happens If the Fed Takes Its Thumb Off the Housing Market?

As of October 2021, housing prices had skyrocketed over 18% year-on-year. Housing prices are far above their 2006 bubble peak, even adjusting for inflation.

Jan 11, 2022

How Easy Money Inflated Corporate Profits

Bluntly, when the Fed machinery of money is splurging out fantastic profits amid understandable praise from the powerful beneficiaries, why hurry to make an exit from emergency stimulus?

Jan 10, 2022

Real Wages Plummet As Inflation Hits US Recovery

Average hourly earnings have risen 4.7% in 2021, but inflation is 6.8%, sending real wages to negative territory and the worst reading since 2011.

Jan 10, 2022

Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do

"The reality is if the Fed actually does what it says it’s going to do, the bond market would crash."

Jan 10, 2022

Mexico Auto Production Plunges to Lowest Annual Level Since 2014 Amid Chip Shortage

Unrelenting global semiconductor shortage continues to terrorize automakers all over North America

Jan 07, 2022

Goods Deficit Approaches $100 Billion

It seems unlikely the Deficit will be rescued by a data discrepancy in December.

Jan 07, 2022

Omicron Chaos Forces Norwegian Cruise Line to Cancel Sailings Until April

CDC flags 92 cruise ships for 'infections' this week

Jan 06, 2022

Jan 06, 2022

Ending Fiat Money Won’t Destroy the State

State-controlled money is immoral, dangerous, and impoverishing.

Jan 05, 2022

Why Did the World Choose a Gold Standard Instead of a Silver Standard?

The adoption of gold as the preferred commodity money was never inevitable or based on some sort of natural law of money

Jan 05, 2022

Why Did the World Choose a Gold Standard Instead of a Silver Standard?

Had it not been for government meddling designed to control gold and the “gold standard,” we might still be living in a world of true currency competition today.

Jan 04, 2022

Inflation or Recession? The Fed Faces a Choice.

Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous

Jan 04, 2022

Peter Schiff: 2021 – The Year of Inflation

"If people aren’t going to work, they’re not producing stuff. And if people aren’t producing stuff, well, now there’s a shortage of stuff."

Jan 03, 2022

Inflation or Recession? The Fed Faces a Choice

Despite Federal Reserve chairman Jerome Powell originally proclaiming this inflation spiral to be transitory, the Federal Reserve has announced that they will end their bond buying program three months earlier than expected

Jan 03, 2022

Goldman Sachs Latest Wall Street Bank to Abandon Return to Office Plans as Omicron Surge Worsens

Reversal from Goldman follows similar decisions by JPM, Citi and other rivals

Dec 30, 2021

How to Avoid Depressions? Foster Saving and Investment

Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings

Dec 27, 2021

How Much Control Does the Central Bank Have over Interest Rates?

The central bank can manipulate the interest rate to whatever level it desires