Given the brutal start to the markets in the first three weeks of 2016, we thought it a good time to check in with the team at New Harbor Financial. We have had them on our podcast periodically over the past years as the market churned to ever new highs, and have always appreciated their skepticism of these liquidity-driven ""markets"" as well as their unwavering commitment to risk management should the party in stocks end suddenly.
So, how is their risk-managed approach faring now that the S&P 500 has suddenly dropped 8% since Christmas? Quite well. Their general portfolio is flat for the year so far -- evidence that caution, prudence and hedging can indeed preserve capital during market downdrafts.
We've invited the New Harbor team back on this week to hear their latest assessment on the markets, as well as how they're approaching their portfolio positioning moving forward. » Read more
For those who enjoyed his encyclopedic 2015: Year In Review, this week we spend an hour with David Collum to ask: After processing through all of that information, what do you think the future is most likely to bring?
Perhaps it comes as little surprise that he sees the global economy headed back down into recession, one that will be deeper and more damaging than the 2008 crisis. » Read more
Here at Peak Prosperity, we follow a lot of the problems and challenges of the world around us and explore what can be done in response to them. And in seeking solutions, we have to remind ourselves that if we want the world to be different in some way, the only way to begin changing it with 100% certainty is by changing ourselves. In the end, we are responsible for how we perceive and relate to what's happening around us, and true change begins with taking ownership of what our reality is, and what we want it to be.
For such a heady topic, we've responded to previous requests from the PP.com community and invited our own philosopher-in-residence Andrew Graves -- better known as Treebeard on the site -- to expound on the topic. » Read more
Richard Gould is a Professor Emeritus of Anthropology at Brown University (where I was his student) and one of the foremost experts on hunter-gatherer societies. In the 1960s, he and his wife spent years living with the aborigines in Australia's Western Desert, observing first-hand their way of life. Through study of these people and many others around the world, his work focused on understanding how human culture and behavior adapts to environmental stress, risk and uncertainty.
We've invited him to this week's podcast to discuss what insights ancient cultures may be able to offer in terms of "natural human behavior" that may fit well within our specie's blueprint. » Read more
Two years ago, we interviewed Kirk Sorensen about the potential for thorium to offer humanity a safe, cheap and abundant source of energy.
Kirk returns this week to relay what has happened in the thorium space since our last conversation. The East, most notably China, is now fully-mobilized around getting its first reactor operational by as soon as 2020. If indeed thorium reactors are as successful as hoped, the US will find itself playing catch up against countries who suddenly hold a tremendous technology advantage: » Read more
As we embark on a new year, it's important to keep the really big elements of our global predicament squarely in mind. To that end, we're surfacing this excellent discussion on population growth that Chris recorded in 2012 with Bill Ryerson of the Population Institute.
At the heart of the resource depletion story that we track here at PeakProsperity.com is the number of people on earth competing for those resources.
The global population is more than 7 billion now and headed to 9 billion by 2050. If world population continues its exponential growth, when we will hit planetary carrying capacity limits with our key resources (or are we already exceeding them)? What are the just, humane, and rights-respecting options that are on the table for balancing the world’s population with the ability of the earth to sustain it? » Read more
This week Chris speaks with Brian Pretti, managing editor of ContraryInvestor.com, a financial commentary site published by institutional buy-side portfolio managers. In their discussion, they focus on the global movement of capital since quantitative easing (QE) became the policy of the world's major central banks.
The ensuing excellent discussion is wide ranging, but the key takeaway is that capital is being herded into fewer and fewer asset classes. With such huge volumes of money at play, very crowded trades in assets like stocks and housing have resulted -- bringing us back to familiar bubble territory in record time. » Read more
Partisan politics is something we actively avoid discussing on this site. Instead, we prefer to operate in the domain of provable fact. But that doesn't mean that we have written off the political process entirely. » Read more
2013 was a frustrating year for those who believe in cause and effect. Markets have been levitated far above what fundamentals would justify. Sovereign debt has increased tremendously, but seemingly without repercussion. Central planners have become more brazen in their belief that intervention is the best way to control both an economy and its citizens – to surprising little outcry from the populace: » Read more