2013

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Holiday Wishes

Gather around our virtual hearth
Wednesday, December 25, 2013, 11:39 AM

Happy holiday wishes from Peak Prosperity!

Thank you for the gifts of your participation in & support of this site. We're hard at work cobbling up a few new gifts of our own for you -- new content, new site features, and more. These 'presents' will start arriving in the next few weeks... 

In the meantime, we hope you're looking to 2014 with as much enthusiasm as we are -- as an opportunity to accelerate our efforts to create a world worth inheriting. After all, the upcoming generations are starting off with a heavy burden not of their own making: » Read more

Podcast

Andrey Armyagov | Dreamstime.com

David Collum: Broken Markets, State Capitalism & Eroding Liberty

Understanding the dominant trends of 2013
Sunday, December 22, 2013, 12:47 PM

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

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2013 Year in Review (Part 2)

Broken markets, too much debt, and less & less liberty
Friday, December 20, 2013, 12:26 PM

Part of David Collum's 2013 Year In Review » Read more

Blog

The Trends to Watch in 2013

Probabilities are becoming more certain
Monday, January 7, 2013, 11:26 PM

Rather than attempt to predict the unpredictable – that is, specific events and price levels – let’s look instead for key dynamics that will play out over the next two to three years. Though the specific timelines of crises are inherently unpredictable, it is still useful to understand the eventual consequences of influential trends.

In other words: policies that appear to have been successful for the past four years may continue to appear successful for a year or two longer. But that very success comes at a steep, and as yet unpaid, price in suppressed systemic risk, cost, and consequence. » Read more

Insider

Off the Cuff: Irrational Exuberance

Partying like it's 1999 in 2013
Wednesday, January 2, 2013, 7:16 PM

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Market Euphoria
    • ​Stocks explode higher for irrational reasons
  • The Fiscal Cliff Fake-out
    • ​No spending cuts, no curbs on the rich
  • ​Japan: The Ticking Time Bomb
    • ​The leading candidate for currency collapse

Well, it's now 2013, and the stock market is partying like it's 1999. » Read more

Featured Discussion

Chris' 2013 Thoughts on Gold & Silver

Chris' 2013 Thoughts on Gold & Silver

Read Chris' answers when asked to opine on precious metals and the economy

Podcast

David Collum: We're Headed for a Showdown

Broken markets and abuse of law have consequences
Saturday, December 29, 2012, 2:49 PM

In the Big Rock Candy Mountains,
The jails are made of tin.
And you can walk right out again,
As soon as you are in.

-- Harry McClintock, Big Rock Candy Mountain (1928)

Fresh from releasing his exhaustive and excellent Year In Review last week, Dave Collum sits down with Chris to discuss the key developments of 2012 in detail. » Read more

Insider

Off the Cuff: Looking Back (and Ahead)

Chris' key takeaways for 2012 and beyond
Friday, December 28, 2012, 9:58 AM

In this week's Off the Cuff podcast, I stand in for Mish and ask Chris about:

  • The Fiscal Cliff Fake-Out
    • The "cliff" is actually one of our smaller problems
  • 2012's Legacy
    • Which 2012 development will have the biggest impact to our future?
  • The Peak Prosperity Message
    • And why larger audiences are beginning to awaken to it
  • What's in store for 2013 on PeakProsperity.com
    • New videos, contributors, functionality and events
Podcast

Bob Fitzwilson: 2012 is the "Most Difficult Year Ever" for End-of-Year Financial Planning

Little time left to make big decisions
Saturday, December 8, 2012, 12:27 AM

"This is probably the most difficult end-of-year planning I have ever seen in my career"

~ veteran investment adviser Bob Fitzwilson

As the Fiscal Cliff looms ahead, as well as the implications of new legislation at both the Federal (e.g., "Obamacare") and state (e.g., California's Prop 30) levels, financial advisers are furiously working to calculate the impact these developments will have on their clients' net worth in 2013 and beyond.

Add to that the ugly macroeconomic environment of spiraling sovereign debts and deficits, currency devaluation, and underfunded entitlement programs. At this point, the prudent assumptions to make are that taxes will go higher over time, the money printing machines will run at maximum speed, and when the system really begins to collapse under its own unsustainability the rules will be changed. Perhaps that means capital controls; perhaps it means new restrictions on large asset pools like pension and retirement funds; perhaps it means wealth taxation. At this point, no one knows for sure.

No wonder this is such a difficult moment for end-of-year planning.

So, what to do? » Read more