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Peak Prosperity

Are You Coming To Our Annual Seminar This Year?

We hope so. 2016 is fast proving rockier times are ahead.
Thursday, February 25, 2016, 2:27 AM

Something broke in the world last August.

After more than 6 years of dependable steep upward appreciation in the stock market, it all stopped. August 2015 saw a sharp drop in stock values, which quickly rebounded -- but to lower highs. Things more or less flat-lined until the start of 2016, when the markets started selling off in earnest.

What ended the party? We can speculate on the specific trigger (anemic global economic growth, the collapse in the price of oil, China's hard landing, central banks running out of options to intervene -- the list is long), but one conclusion is becoming clearer with each passing day: The trend has reversed. The stability and relative prosperity (false or not) of the past 6+ years is now over. And we are now entering more turbulent times. » Read more

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The Return Of Crisis

Suddenly banks everywhere are in deep, deep trouble
Monday, February 8, 2016, 11:28 PM

Financial markets the world over are increasingly chaotic and either retreating or plunging.  Our view is that there’s a gigantic market crash in our future and it’s possible that this has started now. » Read more

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Eric Von Seggern/Shutterstock

Mass Layoffs To Return With A Vengeance

How safe is your job?
Wednesday, February 3, 2016, 3:58 PM

Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With that crap-ton of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of recovery.

Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses. » Read more

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Rowe Conference Center

The Peak Prosperity Annual Weekend Seminar: Apr 14-17

We're adding a whole extra day this year
Friday, January 22, 2016, 5:42 PM

We're happy to confirm that we'll be returning to Rowe, MA this spring to offer our annual weekend seminar from April 14-17.

We're particularly excited about this year's gathering, as 2016 is fast proving to be a very different year than the preceding ones. The developments in January to-date show how the recent era of relative tranquility and control is clearly beginning to slip away from the grips of the central planners.

 
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Lukiyanova Natalia / frenta/Shutterstock

The Deflation Monster Has Arrived

And it sure looks angry
Friday, January 15, 2016, 7:53 PM

As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling.

Just in the two weeks since the start of 2016, the US equity markets are down almost 10%. Their worst start to the year in history. Many other markets across the world are suffering worse.

If you watched stock prices today, you likely had flashbacks to the financial crisis of 2008. At one point the Dow was down over 500 points, the S&P cracked below key support at 1,900, and the price of oil dropped below $30/barrel. Scared investors are wondering:  What the heck is happening? Many are also fearfully asking: Are we re-entering another crisis? » Read more

Blog

Markets Are Correcting Hard

An assessment of the risks of things getting worse from here
Friday, January 8, 2016, 12:41 AM

The long-awaited global financial market correction has arrived. We are seeing collapses in all major markets and across all major categories.

As usual, the pain has started at the edges, in the weaker elements (emerging markets, junk bonds, weak companies, etc.) and is rapidly spreading towards the center. » Read more

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How To Lose Weight

Adam's first-hand experience
Friday, January 1, 2016, 12:15 PM

Happy New Year's Day!

If you're like most people around the world, you're spending time today planning your resolutions for 2016.

And if you're like most people, 'losing weight' is probably on your list. » Read more

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Boosting Our Message

3 easy steps that really do help
Thursday, December 31, 2015, 1:06 PM

Our new book Prosper!: How to Prepare for the Future and Create a World Worth Inheriting has been out for a little over a month now. All in all, it's off to a very good start. » Read more

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Denis Vrublevski/Shutterstock

The Rising Threats To Our Health

Around the world, general health is declining
Tuesday, December 29, 2015, 2:35 PM

Though evidence of a looming global healthcare crisis is plainly visible, few seem to realize the consequences will be catastrophic to individuals, households and national economies.

Here is a list—by no means exhaustive—of major health issues threatening hundreds of millions of people globally. » Read more

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2015 Year In Review

Scenic vistas from Mount Stupid
Friday, December 18, 2015, 8:37 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