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
"A very, very large amount of our total food production is depending on a diminishing supply of water," remarks Jack Keller, one of our own regulars here in the PeakProsperity.com community and an accomplished world expert on water management.
Similar to oil and other key natural resources that are mined and consumed, water is subject to the same exponential trends. Both surface supply and underground fossil stores of clean water are depleting at alarming rates, and the energy and economic costs of extraction are swiftly increasing. » Read more
At the Casey Research Summit last month, Chris had the opportunity to sit down with longtime precious metals investor and proprietor of 321gold.com, Bob Moriarty.
Right before their conversation, Bob had picked up a local Arizona newspaper and read an AP article titled "US Reliability Questioned Overseas" (the government shutdown was in full swing at this time). It discussed, among other concerns voiced by foreigners, whether continuing to rely on the US dollar as the world's reserve currency is prudent given America's political dysfunction and its debt levels. » Read more
This podcast puts the focus on practical behaviors that can materially improve physical health. Our guest is Robb Wolf, a former research biochemist who ended up playing founding roles in the creation of both the "paleo diet" and CrossFit training regimen.
Robb's principal warning is that the modern mainstream lifestyle has drifted concerningly far from the one our physiology evolved for. On average, we are too sedentary. Our diet is much too full of foods that we aren't designed to eat. The combination of these two factors is literally killing us. » Read more
In this week's podcast John Rubino provides an excellent explanation of why governing has become such hard sledding of late for our politicians. Since they have enjoyed an ever-expanding pie so far in their careers, they don't have any professional experience of prioritizing spending, which the sluggish economy is now demanding of them. They are, simply put, the wrong people for the job. » Read more
This week's podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the 'Fiat Quantity of Money', or FMQ. Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case of the dollar, it reveals that levels are far above what is commonly appreciated – so far, in fact, that a currency crisis could arrive sooner than even many dollar bears expect. » Read more
At the recent Casey Research conference in Tucson, AZ, Casey chief economist Bud Conrad stepped up to the podium, reached into his pocket, and pulled out a balloon, which he proceeded to inflate. As it grew, it become clear the word "BONDS" was written across it. For dramatic effect, Bud continued inflating the balloon until it popped. He then looked at the audience and said, "I hope I'm making a point."» Read more