Peter's Blog

Jim Grant: The Fed Missed Its Chance; It Can’t Normalize Rates Now

Although it seems to be almost a foregone conclusion in most circles at this point, not every analyst believes the Federal Reserve will hike rates in June, or if they do that it means a long-term upward trajectory. Jim Rickards recently appeared on RT’s Boom Bust and said he thought a rate hike was unlikely, […]

Boockvar Bullish on Gold No Matter What the Fed Does (Video)

Fed watching has become an obsession. Every day, talking heads parse and dissect the words of central bankers, trying to read the tea leaves and figure out if the Federal Reserve will or will not raise rates next month. But a well-known mainstream market analyst says Fed-obsessed pundits miss the bigger picture. It’s not all […]

Jim Rickards: If the Fed Does Raise Rates, Look Out Below (Video)

A June interest rate hike is the talk of the town. Jim Rickards doesn’t think it will happen, but if it does, he says, “Look out below.” Rickards appeared on RT’s Boom Bust to explain why. First, he makes the case that we shouldn’t listen to every word that comes out of every Fed regional […]

The Fed Knows It’s Backed Into a Corner (Video)

All of the talk lately is about a Federal Reserve rate hike in June. In fact, in many circles, it has become a forgone conclusion. On Monday, Philadelphia Fed Bank president Patrick Harker said he could see up to three hikes before year’s end. But Steen Jakobsen, chief economist and CIO of Saxo Bank, says […]

Rising Price of Gold a Vote of No-Confidence in Central Bankers; $10K Gold on the Horizon (Video)

Jim Rickards recently appeared on CBC News’ The Exchange and made the case for $10,000 gold. He said the recent jump in the price of gold represents a world-wide vote of no-confidence in central bankers. The increase in the dollar price of gold is just a reflection of the decline of the dollar. So, it’s […]

Marc Faber: Fed Won’t Raise Rates; Helicopter Money More Likely (Video)

With the release of the Federal Reserve’s April meeting minutes, it’s all of a sudden a forgone conclusion that the Fed will raise interest rates in June. Marc Faber, publisher of the Gloom Boom & Doom Report, thinks it’s all a bunch of hot air. He appeared on Kitco News yesterday and argued that the […]

Ron Paul: The Federal Reserve Is King of the Price Fixers (Video)

In a recent episode of his video broadcast Myth Busters, Ron Paul and Chris Rosinni talked about how government destroys markets by tampering with prices. After discussing the ways government intervention has destroyed the market for health care and education in America, and looking at the negative impacts of tariffs and price supports in agriculture, […]

Peter Schiff: This Is a Phony Recovery (Video)

Peter Schiff appeared on Fox Business this week and the first thing he did was talk about how good gold investments are doing, saying they are “the best…doubled or more.” He then launched straight into the reason why. The economy is a mess. If this economy wasn’t a disaster, Trump wouldn’t have the support that […]

Hey Paul Krugman: That’s Not Insulin You’re Injecting; It’s Heroin!

In a recent New York Times column, economist Paul Krugman tried to justify central bank interventionist monetary policy by comparing it to giving insulin to a diabetic. How should we think about these incredibly low interest rates? Recently Narayana Kocherlakota, the former president of the Minneapolis Fed, offered a brilliant analogy. Responding to critics of […]

Ron Paul: What America Has Today Is Not Free Market Capitalism (Video)

Capitalism appears to be falling out of favor. Socialism is in vogue. Or at least that’s the impression one gets when talking to millennials in America. A recent Harvard University poll shows that more than half of Americans in the 18-29 age bracket oppose capitalism. Ron Paul appeared on RT America’s Boom or Bust show […]