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Drowning In The Money River

Why the 99% of us are falling farther behind
Friday, January 12, 2018, 7:43 PM

If you suspect society is unfair, that there's a different set of rules the rich live by, you're right.

I've had ample chance to witness first-hand evidence of this in my time working on Wall Street and in Silicon Valley. Simply put: our highly financialized economy is gamed to enrich those who run it, at the expense of everybody else. » Read more

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Off The Cuff: Is This The Blow-off Top?

And if so, how long can it continue?
Thursday, January 4, 2018, 7:42 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • How Long Can This Continue?
    • Debt has been rising faster than income everywhere for decades
  • The Rules Will Certainly Be Changed
    • Desperate elites will always act in their best interest
  • Are We Seeing The Blow-off Top?
    • Dear God, let's hope so
  • A Commodities Price Spike Will Pop This Bubble
    • If it doesn't collapse under its own overshoot, first

Chris and John kick off the new year by remarking how similar the conditions now feel to 1999 and 2007. The world financial markets have been running much too hot for far too long, and yet they've kicked into an even higher gear of late. Fortunes are being made in the cryptocurrencies -- a space most of the investors throwing their capital into have next to zero understanding of. The Dow is hitting new price records faster than it ever has in its history.

Obviously this can't end well, and it won't. And when the inevitable crash occurs, expect those who created this mess to take cruel-handed measures to sacrifice the rest of us in order to protect whatever amount of their privilege they can.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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David Collum: The Vicious Cycle Approaches

We'll regress to (and through) the mean
Sunday, December 24, 2017, 1:03 PM

Whether or not you've had time yet to plow your way through David Collum's excellent 2017 Year in Review, our annual podcast with Dave always brings additional color to light -- and this year's is no exception. » Read more

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2017 Year In Review

Markets fiddle while Rome burns
Friday, December 22, 2017, 3:15 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. A downloadable pdf of the full article is available here, for those who prefer to do their power-reading offline. -- cheers, Adam

Introduction

“He is funnier than you are.”

~David Einhorn, Greenlight Capital, on Dave Barry’s Year in Review

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Off The Cuff: Are We About To See Taper Tantrum 2.0?

The Fed wants to tighten. Will markets stand for it?
Thursday, December 14, 2017, 12:16 AM

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • Taper Tantrum 2.0?
    • The Fed wants to tighten. But can it?
  • Bad Balance Sheets
    • Can central banks simply hold their bad assets forever?
  • The Flattening Yield Curve
    • A classic signal of approaching recession
  • Bitcoin
    • Trying to make sense of the recent run-up

Recorded before today's FMOC announcement, Chris and Axel discuss the next moves of the central banks, who's intervention and collusion have driven markets more than any other factor over the past decade. Most people don't realize that monthly liquidity injections are currentlyat their highest ever since QE began.

Now that the Fed is talking seriously about tightening -- can it? Or will the markets revert to throwing a tantrum as the global liquidity spigots begin to reduce their flow?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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Doug Noland: There Will Be No Way Out When This Market Bubble Bursts

Financial assets will become toxic to hold
Monday, December 11, 2017, 2:07 PM

This week Doug Noland joins the podcast to discuss what he refers to as the "granddaddy of all bubbles".

He certainly shares our views that prices in nearly every financial asset class have become remarkably distorted due to central bank intervention, first with Greenspan's actions to backstop the markets in the late-1980's, and more recently (and more egregiously) with the combined central banking cartel's massive and sustained liquidity injections in the years following the Great Financial Crisis.

All of which has blown the biggest inter-connected set of asset price bubbles the world has ever seen. Noland foresees tremendous losses as inevitable, as the central banks lose control of the monstrosity they have created: » Read more

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You're Just Not Prepared For What’s Coming

Not even close
Friday, December 1, 2017, 11:57 PM

All bubbles burst -- painfully of course. That’s their very nature. Mathematically, it's impossible for half or more of a bubble's participants to close out their positions for a gain. But in reality, it's even worse. Being generous, maybe 10% manage to get out in time.

That means the remaining 90% don’t. For these bagholders, the losses will range from 'painful' to 'financially fatal'.

Which brings us to the conclusion that a similar proportion of people will be emotionally unprepared for the bursting of these bubbles.  Again, playing the odds, I'm talking about you» Read more

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Ron Paul: We Are Reaching A Point Of No Return

When the system will break no matter what the Fed tries
Monday, November 6, 2017, 4:08 PM

Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.

As a multi-term member of Congress, Dr. Paul knows the players and policies responsible for the growing unfairness and inequality now rampant in society. He does not expect the offenders will reform willingly. Instead, he predicts the system will collapse under its own unsustainability -- offering a rare and valuable chance then for more sound and fair solutions to prevail. » Read more

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Earn More On Your Cash Savings (With Less Risk)

Explaining the TreasuryDirect program
Friday, November 3, 2017, 8:35 PM

Interested in getting over 16x more interest income on your cash savings? » Read more

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What Could Pop The Everything Bubble?

A crisis that can't be solved by just printing more dollars
Saturday, October 28, 2017, 12:37 AM

The policy of creating trillions in new currency and buying trillions in assets has inflated an 'Everything' Bubble -- a bubble in all the asset classes being supported or purchased by central banks and their proxies.

Many observers wonder: What, if anything, can pop this? » Read more