Peak Prosperity News Feed en Dave Pare: Gold Is Looking Strong ]]><p>This week,;s own precious metals analyst, Dave Pare, sits down to the microphone.</p> <p>Better known on the site as&nbsp;davefairtex, he joins Chris to discuss his current outlook for gold and silver, his approach to building market models, and how he balances fundamentals versus technical analysis in assembling his macro views.</p> <p><a href="" target="_blank">read more</a></p> Podcast Dave Pare davefairtex gold peak oil podcast precious metals silver Mon, 25 Jul 2016 01:51:14 +0000 Adam Taggart 99935 at Making The Wrong Choices For The Wrong Reasons ]]><p>Life is full of examples where folks make bad choices for noble reasons. Not every decision is a winner: sometimes you make the right call, sometimes you don&#39;t.</p> <ul> <li style="line-height: 19.5px;">In 1962,&nbsp;Decca&nbsp;Records passed on signing a young new band because it thought that guitar-based groups were falling out of favor. That band was The Beatles.</li> <li style="line-height: 19.5px;">Napolean Bonaparte calculated he could conquer Russia by assembling one of the largest invading forces the world has ever seen. He marched towards Moscow in the summer of 1812 with over 650,000 troops. Less than six months later, he retreated in failure, his forces decimated down to a mere 27,000 effective soldiers.</li> <li style="line-height: 19.5px;">1985 217 separate investors turned down an entrepreneur trying to raise the relatively modest sum of $1.6 million for his vision of transforming a daily routine shared by millions around the world. That company? Starbucks. &nbsp;</li> </ul> <p>In these cases, those making the decision made what they felt was the best choice given the information available to them at the time. That&#39;s completely understandable and defensible. Fate is fickle, and no one is 100% right 100% of the time.</p> <p>But what&#39;s much harder to condone -- and this is the focus of this article -- is when people embrace the wrong decision even when they have ample evidence and comprehension that doing so runs counter to their welfare.</p> <p><a href="" target="_blank">read more</a></p> Blog basketball behavioral economics central banks Dan Ariely Golden State Warriors Ludwig von Mises Napolean Bonaparte Rick Barry the Beatles Wilt Chamberlain Sat, 23 Jul 2016 00:54:42 +0000 Adam Taggart 99965 at Grant Williams: The Rising Danger Of A Bidless Market ]]><p>Grant Williams, veteran portfolio and strategy advisor, as well as proprietor of the economic blog&nbsp;<a href="" target="_blank">Things That Make You Go Hmmm</a>&nbsp;returns to the podcast this week to discuss his great concern about the liquidity risk underlying financial markets long-addicted to central bank rescue stimulus.</p> <p><a href="" target="_blank">read more</a></p> Podcast central banks debt economy flash crash Grant Williams liquidity Markets stocks Sun, 17 Jul 2016 16:18:30 +0000 Adam Taggart 99604 at The Great Market Tide Has Now Shifted To Risk-Off Assets ]]><p>In the conventional investment perspective,&nbsp;<em>risk-on assets</em>&nbsp;(i.e. investments with higher risks and higher potential returns) such as stocks are on a see-saw with&nbsp;<em>risk-off assets</em>&nbsp;(investments with lower returns and lower risk, such as Treasury bonds). When risk appetites are high, institutional managers and speculators move money into stocks and high-yield junk bonds, and move money out of safe-haven assets such as gold and U.S. Treasuries.</p> <p>But recently, markets are no longer following this convention. Safe haven assets such as precious metals and Treasuries are soaring at the same time that stock markets bounced strongly off the&nbsp;post-Brexit&nbsp;lows.</p> <p>Risk-on assets (stocks) rising at the same time as safe-haven assets is akin to dogs marrying cats and living happily ever after.&nbsp;</p> <p>What the heck is going on?</p> <p><a href="" target="_blank">read more</a></p> Blog Abenomics assets banks bonds Brexit capital central banks Charles Hugh Smith China debt dollar economy Europe Fed Federal Reserve gold growth inflation interest rates Japan Kyle Bass Markets money precious metals QE risk safe haven silver stock market stocks Treasurys Fri, 08 Jul 2016 19:03:43 +0000 charleshughsmith 99516 at Our Future Is (Literally) Crumbling Before Our Eyes ]]><p>The sorts of predicaments the world faces -- ranging from over $200 trillion in debt, to our unsustainable addiction to fossil fuels, to our over-stressed ecosystems -- all require that we get deadly serious about confronting them ASAP, and make difficult decisions and trade-offs.</p> <p>However, our global leaders always seem to opt to kick the can down the road if at all possible. Short-term thinking and near-term priorities dependably get precedence over doing the right thing for the future. Tomorrow&rsquo;s generations are thrown under the bus by selfishly motivated actors today.</p> <p>As I&rsquo;ve put forth over and over again: we&rsquo;re simply not going to make it unless we get much more serious about our efforts than we have been to date.</p> <p><a href="" target="_blank">read more</a></p> Blog concrete Wed, 06 Jul 2016 05:10:34 +0000 cmartenson 99486 at Art Berman: The Coming Moonshot In Oil Prices ]]><p>In spite of the recent low prices for oil and natural gas, an energy supply crunch is looming warns geological consultant Arthur Berman.</p> <p>Berman&#39;s perspective should not be lightly dismissed: he has 37 years of experience in petroleum exploration and production with 20 of those years at Amoco (now known as BP). He has published more than 100 articles and reports on geology, technology and the petroleum industry during the past five years --more than 20 of those focused on the shale industry including the Barnett, Fayetteville,&nbsp;Haynesville,&nbsp;Bakken&nbsp;and&nbsp;Eagleford&nbsp;plays.</p> <p><a href="" target="_blank">read more</a></p> Podcast Art Berman Bakken Barnett Eagleford energy Fayetteville Haynesville oil OPEC peak oil shale gas shale oil Sun, 03 Jul 2016 13:47:22 +0000 Adam Taggart 99333 at Axel Merk: Making Sense Of The Impact Of Brexit ]]><p>A very sleep-deprived Axel&nbsp;Merk&nbsp;joins us for this special edition podcast. Axel and his team have pulled late nights over the past few days following the&nbsp;Brexit&nbsp;vote results in real-time and the ensuing aftermath.</p> <p>Axel, CEO and founder of the&nbsp;Merk&nbsp;Funds, is originally from Europe and one of the best experts we know on the currency markets, as well as monetary policy. In this podcast, he explains why he sees the&nbsp;Brexit&nbsp;as a sea-change in sentiment that will have far-reaching implications for Britain, Europe, and the rest of the world -- though it may take years before they are fully recognized and expressed. He expects the&nbsp;post-Brexit&nbsp;future to more market volatility, more populism as political stability weakens, more (ineffectual) fiscal spending to goose economic growth, and likely more armed conflict around the world.</p> <p><a href="" target="_blank">read more</a></p> Podcast Axel Merk Brexit Britain dollar ECB EU Euro eurozone foreign exchange FX UK United Kingdom Tue, 28 Jun 2016 00:22:04 +0000 Adam Taggart 99269 at Sebastian Junger: Our Evolutionary Need For Community ]]><p>Peabody award-winning author Sebastian&nbsp;Junger&nbsp;joins our podcast this week.&nbsp;Junger&nbsp;is well-known for his NYT-bestselling books&nbsp;<a href=";tag=peakprosp-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=0393337014&amp;linkId=93f3393c8055946213b4bb3d0389a672" target="_blank">The Perfect Storm</a>&nbsp;and&nbsp;<a href=";tag=peakprosp-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=044655622X&amp;linkId=9afbb49b091eb1310ecd159240022466" target="_blank">War</a>, the latter of which was written after a 15-month tour of duty in the most dangerous outpost in Afghanistan&#39;s&nbsp;Korengal&nbsp;Valley.&nbsp;</p> <p>Based on his observations while in Afghanistan,&nbsp;Junger&nbsp;noted how much troops in combat valued the social solidarity of their units. In fact, he noted that the loss of this cohesive community, with its sense of purpose and shared responsibility, created prodigious psychological strife when these soldiers returned and tried to re-integrate into civilian life. This dynamic is not just limited to the military; any collection of humans working in tight-knit groups under stress, united in purpose, evidences similar behavior (Peace Corps volunteers, trauma care&nbsp;physicians, etc).</p> <p>In his latest book&nbsp;<a href=";tag=peakprosp-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=1455566381&amp;linkId=f5c39847c73e67b5fc8fad08612f8e4c" target="_blank">Tribe: On Homecoming and Belonging</a>,&nbsp;Junger&nbsp;explores our evolutionary wiring for community, and paradoxically, how our modern aspirations for &quot;success&quot; and &quot;wealth&quot; attempt to distance ourselves from it -- making us&nbsp;unhappier&nbsp;and emotionally unhealthier in the pursuit.</p> <p><a href="" target="_blank">read more</a></p> Podcast Community Connection Sebastian Junger Tribe war Sun, 26 Jun 2016 15:35:43 +0000 Adam Taggart 99225 at Fortunes Will Be Made & Lost When Capital Flees To Safety ]]><p>Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night&#39;s&nbsp;Brexit&nbsp;vote...</p> <p>It&#39;s message is simple: there&#39;s a preponderance of data that shows the world&#39;s major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the &#39;save haven&#39; markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety -- or may find they can&#39;t get into these markets at any price.</p> <p><a href="" target="_blank">read more</a></p> Blog Bitcoin bonds cryptocurrencies cryptocurrency derivatives dollar gold precious metals safe haven silver stocks Fri, 24 Jun 2016 20:46:30 +0000 Adam Taggart 98985 at Dmitry Orlov: The US Is Sleepwalking Towards A Nuclear Confrontation ]]><p>Following his cautionary analysis on the increasing tension between the US/NATO and Russia, Chris interview Dmitry&nbsp;Orlov&nbsp;this week about the potential likelihood for actual direct conflict to break out between the world powers.</p> <p>Orlov&nbsp;was born and raised in Leningrad in the former Soviet Union and immigrated to the United States in the mid&nbsp;70s, He has spent the past several decades traveling back and forth between the two countries, writing about the collapse of the Soviet Union and the many&nbsp;similarities&nbsp;he sees between that and the secular decline happening in the West.&nbsp;Orlov&nbsp;recently co-authored a stark warning with a number of other experts on Russia, concerned that the US is recklessly provoking a military confrontation it cannot win.</p> <p><a href="" target="_blank">read more</a></p> Podcast Dmitry Orlov NATO Russia war Sun, 19 Jun 2016 15:52:36 +0000 Adam Taggart 99011 at