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2015 Year In Review

Scenic vistas from Mount Stupid
Friday, December 18, 2015, 9:37 PM

I am penning my seventh “Year in Review.” These summaries began exclusively for myself, evolved into a sort of holiday cheer for a couple hundred e-quaintances with whom I had been affiliating since my earliest days as a market bear in the late ’90s, and metastasized into the Tower of Babble—longer than a Ken Burns miniseries—summarizing the human follies that capture my attention each year.

I wade through the year’s most extreme lunacies as well as a few special topics while trying to find the overarching themes. Somehow 450 pages of notes, quotes, and anecdotes describing a web of interconnected concepts must be distilled into the “Year in Review,” all in a few short weeks. So let’s head to the choppers. » Read more

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2015 Year In Review (Part 2)

A bonfire of the sanities
Friday, December 18, 2015, 9:35 PM
As regards the banks, we have come down from the trees but are not out of the woods yet.
 
The six biggest banks are ginormous—50% larger than they were at the previous high at the start of the crisis—but the sector was relatively quiet this year. Hundreds of billions in fines have been levied by various governmental Rainbow Coalitions.
 
As statutes of limitations began to run out, Eric Holder and authorities declared there would be no prosecutions of individuals responsible for the crisis.
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The Screaming Fundamentals For Owning Gold

We're at a moment of historic opportunity
Tuesday, December 8, 2015, 12:53 PM

Every year or two we update this report, which lays out the investment thesis for gold. Here is this year's version.

Silver is touched upon only as necessary; as a separate report of equal scope is required for that precious metal.

Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it. » Read more

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PeakProsperity.com

The Prosper! Audio Book Is Now Available

Downloadable on Audible.com & other sites
Thursday, December 3, 2015, 1:37 AM

Finally!

The audio version of our new book Prosper! How to Prepare for the Future and Create a World Worth Inheriting, narrated by Chris, is now available for download. » Read more

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How Much Higher Can The U.S. Dollar Go?

And what will the implications be?
Wednesday, November 25, 2015, 1:11 PM

Our first observation is that trends in the USD tend to last for some time, so if this rally follows the pattern of previous rallies, it’s unlikely to have run its course in one year.

Secondly, previous rallies paused for a multi-month consolidation period before launching upward for the second leg of the long-term rally.

Thirdly, the USD rose sharply to previous peaks and then round-tripped back to the 80 level.

This raises the question: How high could the dollar rise in this rally? » Read more

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What Money Means

It's important, but it's not everything
Tuesday, November 17, 2015, 4:43 PM

There's no doubt that money is important. There's good reason why most of us devote a huge percentage of our lives to pursuing it.

But there's much about money that is misunderstood. » Read more

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Making The World A More Dangerous Place

US foreign policy at work
Friday, November 6, 2015, 9:06 PM

Without any doubt, the Middle East has been a very long-simmering region of violent religious and tribal enmity.

In that regard, perhaps today is no different than 1,000 years ago. But given the importance of the remaining oil in the Middle East to the next 20 years of global economic health, the violence and chaos seen there recently is hugely important to the entire world. » Read more

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Peak Prosperity

Announcing Our New Book: Prosper!

The long-awaited sequel to The Crash Course
Friday, October 30, 2015, 7:37 PM

Our new book Prosper!: How To Prepare for the Future and Create a World Worth Inheriting offers a blueprint for taking control of and improving your destiny.

It outlines practical, actionable investments of your time & resources that will ensure you enjoy greater prosperity in your life, whatever the future may bring. » Read more

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The Fatal Blindness of Unrealistic Expectations

We are damned to fail when we avoid hard truths
Wednesday, October 28, 2015, 10:10 PM

We, as a society, have very much indeed lived beyond our means. By building up such a tremendous amount of debt through our profligacy that a small rise in interest rates would be catastrophic. That our children and children's children will be "paying backwards" for our largess, unless some debt-clearing event transpires (which I think will). » Read more

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Has The Market Trend Shifted From Bull To Bear?

Why the recent volatility may mark a secular shift
Friday, October 23, 2015, 4:12 PM

Emotions are running high for the investment community in the wake of recent market volatility. Up until August, we had been in the third longest period in market history without a 10% correction. Since then, stock indices sold off hard, only to bounce once again over the past two weeks of trading.

And certainly the truth is….No one knows. Especially in today’s world where global central banks can concoct further QE/monetary schemes at the drop of a hat.  Let’s face it, at this point the global central banks are all in. In fact, beyond all in. Without question, the US Fed knows that if equities fall, they lose the high end consumer. (Wal-Mart shoppers have already long been lost)  » Read more