Peter St Onge

1 week ago | open.substack.com | Peter St Onge

Bidenflation is over. But if you feel like prices still aren’t falling you’re not alone. Since Donald Trump took office inflation has plunged from a Biden-era 5 percent to just 1.4%. This is actually below the Fed's target of 2%. As in normally at this point the Fed would be trying to pump inflation since it's “too low.”Of course, for the American people 1.4% is not “too low.” What they want is falling prices, as in take it back to pre-Biden prices. Will that happen? In short, no.

2 weeks ago | open.substack.com | Peter St Onge

With illegal immigrants rioting in Los Angeles we can see the social costs of illegal immigration. But what about the economic costs. Across the West the open border left pushes the narrative that we need immigrants to fill labor shortages. This is false. Obviously false once you work through it. The Strategic Bitcoin Reserve Era Begins. Join Unchained and the Bitcoin Policy Institute for a Live Panel June 3rd exploring what it means for Bitcoin’s Future.

1 month ago | floppingaces.net | Peter St Onge

It’s official: GDP is negative. And it is glorious. Last week the Bureau of Economic Analysis reported that GDP for the first 3 months of 2025 turned negative for the first time since 2022.  The kicker is all the pain was caused by a 41% surge of imports front-running tariffs. Which GDP bizarrely counts as negative GDP. Drop those and actual GDP soared by a blistering 4 and a half percent. Which is Asia-level. It actually gets better. Because government spending dropped for the first time since 2022.

1 month ago | profstonge.com | Peter St Onge

It's official: GDP is negative. And it is glorious. Last week the Bureau of Economic Analysis reported that GDP for the first 3 months of 2025 turned negative for the first time since 2022. The kicker is all the pain was caused by a 41% surge of imports front-running tariffs. Which GDP bizarrely counts as negative GDP. Drop those and actual GDP soared by a blistering 4 and a half percent. Which is Asia-level. It actually gets better. Because government spending dropped for the first time since 2022.

2 months ago | profstonge.com | Peter St Onge

Will humans go extinct? In an interview last week Elon Musk was asked what keeps him up at night. His response was that crashing birth rates could destroy civilization. Or even wipe out humanity. Elon noted that in some countries births are one third replacement level. In Japan, for example, on average 4 grandparents yield a single grandchild. In Korea, 100 Koreans will become just 8 great-grandchildren. As in a country shrinks to a single city.