Podcast

Podcast

Tan Liu

Tan Liu: Why Many Of Today's Most-Owned Stocks Are Ponzi Schemes

Too much phantom wealth vs cash flow
Thursday, February 14, 2019, 12:16 PM

Stocks provide a return to today's investors via two mechanisms: dividends and capital gains.

Dividends provide and income stream which can be quantiatively values. Capital gains result from speculation -- an expectation that future dividends will be higher than the market currently expects.

But what's the value of a company that continuously pays no dividends and does not appear as if it ever will in the foreseeable future?

Former financier and current statistician Tan Liu, author of the recent book The Ponzi Factor: The Simple Truth About Investment Profits explains how many of today's perpetually dividend-less companies traded on the public market are operating as ponzi schemes by definition. » Read more

Podcast

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Lance Roberts: The Case For A 50% Market Correction

Running out of gimmicks to goose 'earnings' growth
Tuesday, January 22, 2019, 4:28 PM

So, did the nauseating last few months of 2018 signal the end of the secular bull market? Or is the rebound that kicked-off 2019 a sign that the uptrend is still intact? Or it is just a dead-cat bounce?

Lance Roberts, chief investment strategist and chief editor of Real Investment Advice, returns to the podcast with fresh data that suggests the bear market that emerged late last year is still in play.

Of greater concern to him, though, is where things are headed from here. » Read more

Podcast

Art Berman: Exposing The False Promise Of Shale Oil

Estimates of recoverable oil are proving wildly wrong
Wednesday, January 16, 2019, 1:44 PM

Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America's shale oil output.

Because the US is pinning huge hopes on its shale oil "revolution", so much depends on that story being right. Here’s the narrative right now:

  • The US, is the new Saudi Arabia
  • It's the swing producer when it comes to influencing the price of oil
  • The US will be able to increase oil production for decades to come
  • New technology is unlocking more oil shale supply all the time

But what if there’s evidence that runs counter to all of that?

We’re going to be taking a little victory lap on this week's podcast because The Wall Street Journal has finally admitted that shale oil wells are not producing as much as the companies operating them touted they would produce -- which is what we’ve been saying for years here at PeakProsperity.com, largely because we closely follow Art's work. » Read more

Podcast

CropMobster.com

Singing Frogs Farm: The Science Of Healthy Soil

Focus on biology over chemistry
Monday, January 7, 2019, 5:52 PM

Three years ago, I interviewed Paul and Elizabeth Kaiser about the remarkably effective model being pioneered at their farm, Singing Frogs Farm, a small micro-farm in northern California. It quickly became one of Peak Prosperity's most popular podcasts of all-time.

Developed over years of combining bio-intensive land/forestry management theory with empirical trial & error, the farming practices at Singing Frogs have produced astounding results.

This week, I sit back down with Paul and Elizabeth to discuss the science behind their latest farming practices & techiniques, the importance of biology over chemistry when it comes to gardening, and the hands-on workshops they offer, and what they think it takes to make a 'resilient farmer'. » Read more

Podcast

istockphoto.com

David Collum: Everything That Mattered In 2018

And what lies ahead for 2019
Wednesday, December 26, 2018, 12:49 AM

The only thing nearly as enlightening as reading David Collum's epic Year In Review is listening to him and Chris Martenson riff about its highlights.

Strap in, grab some eggnog, and listen to this year's recap. » Read more

Podcast

outsiderclub.com

John Hathaway: Things Look Very Bullish For Gold Mining Stocks

Declining supply, rising demand & positive cash flows
Thursday, December 13, 2018, 6:53 PM

Mining stocks have performed miserably over the past seven years, missing out completely on the central bank-created liquidity-fest that has raised nearly every other equity sector to record highs.

But the long winter of abuse is over, claims highly-respected mining analyst John Hathaway, co-manager of the Toqueville Gold Fund. To John's veteran eye, the conditions in this beleaguered industry have improved substantially. Mining supply is tightening while demand is rising, and the surviving companies have achieved postive cash flows at today's depressed prices. 

Claiming that we are now past "peak gold", Hathaway expects gold prices to move higher vigorously, propelling the shares of mining companies mutiples higher from where they are today. » Read more

Podcast

Charles Hugh Smith: Preventing The Final Fall Of Our Democratic Republic

Fighting against the obscene concentration of wealth & power
Tuesday, December 4, 2018, 6:02 PM

There's mounting evidence that the Age of American Exceptionalism is grinding to an end.

Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantially less than those of the Baby Boomers. The same is true socioeconomically as well; the wealth gap between the 1% and everyone else continues to accelerate.

What's been the root cause of this slide towards greater and greater inequity? Can anything be done to reverse it?

Economist analyst and author Charles Hugh Smith addresses these core questions in his new book Pathfinding Our Destiny: Preventing The Final Fall Of Our Democratic Republic. Charles concludes that we are the terminal end of a multi-century process of centralization that is no longer working for society's benefit: » Read more

Podcast

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Ben Jones: The Housing Bubble Is Popping Right Now

Expect MUCH lower prices ahead
Monday, November 26, 2018, 8:08 PM

The housing market is starting to look quite ill, as we've been tracking here at PeakProsperity.com.

After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs.

Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those looking to pick up values at much lower prices in the future be taking?

This week we talk with citizen journalist Ben Jones, property manager and publisher of TheHousingBubbleBlog -- where he tracks the latest headlines and developments in the housing market. » Read more

Podcast

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Scott Tinker: Can The World Energy Supply Become Fully Sustainable?

Just possibly, but we'll have to make HUGE changes
Tuesday, November 20, 2018, 9:43 PM

As we claim often here at PeakProsperity.com: Energy is everything.

Will our global society be able to transtiton off of its extreme dependence on fossil fuels? And if so, can we do so without too much pain?

Scott Tinker is the Director of the Bureau of Economic Geology at the University of Texas at Austin, and founder of the non-profit Switch Energy Alliance, which is dedicated to helping humanity address these key questions.

Tinker remains confident a much better future energy-wise is possible; but will require a tremendous shift in behavoir, investment and technological innovation.

In his eyes, society can make the transition. But will it? That's a lot less certain... » Read more

Podcast

dxonline.com

Steen Jakobsen: The Four Horsemen Portend A Painful Reckoning

Even the US is now 'swimming naked'
Tuesday, November 13, 2018, 9:02 PM

Steen Jacobsen, Chief Economist and Chief Investment Officer of Saxo Bank sees economic slowdown ahead.

Specifically, his "Four Horseman" indicators: the drivers of economic growth, are all flashing red. 

Jacobsen believes that the central banks will continue their liquidity tightening efforts for as long as they can get away with (i.e., until the financial markets start toppling over). In his opinion, they eased way too much for way too long; and the malinvestment and zombification that resulted needs to clear the system -- and it will likely do so more violently and painful than the central banks will like. » Read more