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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

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EXCLUSIVE: The Smoking Gun Proving Silver & Gold Manipulation

We have the data. And it tells a clear story.
Friday, October 16, 2015, 7:46 PM

Gold price suppression!

The amount of ink spilled on this topic could fill a supertanker.  Goldbugs the world over believe in the suppression story as an article of faith, and indeed, the evidence that “something is happening” appears incontrovertible.

Given how important the subject is to Peak Prosperity and the bullion-owning community, and the volume of energy we expend talking (and talking, and talking, and talking) about it, how much information do we really have about what is actually going on?  » Read more

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mentalfloss.com

The Death Of Hopium

Tech Bubble 3.0 is in the process of bursting
Tuesday, October 13, 2015, 4:48 PM

I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, worked for a VC-funded start-up as well as one of the biggest Internet juggernauts (Yahoo!). I lived in Palo Alto, the central core of the tech scene.

As a result, I have a pretty good read on how Silicon Valley works. Many of the folks I worked and went to school with are now in leadership positions at the big operating companies, VC firms and hedge funds in that ecosystem now -- so I have personal knowledge of who's making the decisions.

And it's no secret that I think it's degenerated into a steaming pile of hucksterism. » Read more

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How Much Longer Can Our Unaffordable Housing Prices Last?

Spoiler alert: not much
Friday, October 9, 2015, 5:12 PM

Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.

Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital. » Read more

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Deflation Warning: The Next Wave

The global economic slump is accelerating
Thursday, October 1, 2015, 12:36 AM

The signs of deflation are now flashing all over the globe. In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months. » Read more

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Buy Gold While You Still Can!

An important update on the supply of physical gold
Friday, September 25, 2015, 3:56 PM

This report centers on preponderance of fascinating data revealing the extent of the West's massive dis-hoarding of physical gold, for the first time, begins to allow us to start estimating the range of end-dates for the flow to the East.

Here’s the punchline: there’s an enormous and growing disconnect between the cash and physical markets for gold. This is exactly what we would expect to precede a major market-shaking event based on a physical gold shortage. » Read more

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The Margin Debt Time-Bomb

A terrible threat created by terrible decision-making
Friday, September 4, 2015, 9:00 PM

What is perhaps the greatest risk to individual investors these days? » Read more

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Here's Why The Markets Have Suddenly Become So Turbulent

A perfect storm of failing trends
Friday, August 28, 2015, 2:28 PM

When stock markets are free-falling 10+% in a matter of days, it’s natural to seek some answers to the question “why now?” » Read more

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Trouble South Of The Border

Mexico's vulnerabilities pose a huge risk to the U.S.
Thursday, August 27, 2015, 12:02 AM

Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US or European banks. More than that, it’s a global concern predicated on that handful of private banks controlling too much market share and elite central banks infusing them with boatloads of cheap capital and other aid. Synthetic bank and market subsidization disguised as ‘monetary policy’ has spawned artificial asset and debt bubbles - everywhere. » Read more