Janet Yellen

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Why The Markets Are Overdue For A Gigantic Bust

It's just not possible to print our way to prosperity
Friday, June 9, 2017, 7:38 PM

As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy.

It's just too clear to me that doing so presents plenty of dangers, due what we might call 'economic gravity': What goes up, must also come down. » Read more

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Why This Market Needs To Crash

And likely will
Friday, March 24, 2017, 10:12 PM

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.

Strange as it may sound, it's our opinion that the sooner a major market correction happens, the better. Crash now while there’s still chance of picking up the pieces afterwards and making something useful from them. The longer we push off the inevitable fall, the more destructive it will be and the more difficult it will be to recover from. » Read more

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Banks Are Evil

It's time to get painfully honest about this
Friday, March 17, 2017, 8:05 PM

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil. » Read more

Insider

Fight Cage

It's time we stop being the victims in this experiment
Tuesday, February 7, 2017, 12:51 PM

To my eye, society is fraying apart. People are confused, angry, isolated, and increasingly willing to fight each other. Formerly peaceful resistance is turning into violence. Our baser emotions like fear, anger -- rage, even-- are now bubbling at the surface.

It's entirely reasonable for people to be experiencing such emotions right now. But in most cases, their anger is misdirected. » Read more

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Off The Cuff: Multiplying Market Oddities

Rising rates are creating cross-currents everywhere
Thursday, November 17, 2016, 8:15 PM

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

  • Impact Of A Trump Presidency On The Markets
    • What will the most likely trends be?
  • Plummeting Bond Prices
    • Good or bad?
  • The Unbearable Lightness Of Stocks
    • Rising prices in the face of rising interest rates
  • Gold's Prospects
    • Inflation? Higher rates? What will it mean for gold?

Axel and Chris address the increasing sell-off in the bond market, which can also be described as the sudden rising of interest rates. In an over-indebted financial system as ours, rising rates will make it more expensive to service the outstanding debt, placing increasing headwinds on economic growth. Right now, the stock market is ignoring that -- instead, it's pricing for perfection. Axel warns that this "oddity" will need to correct soon, one way or the other.

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. » Read more

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Off The Cuff: Rate Hike!

What does it portend?
Friday, December 18, 2015, 1:00 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Rate Hike!
    • The Fed raises interest rates for the 1st time in a decade
  • Shock Wave
    • Even a small rate increase can disrupt today's highly-leveraged economy
  • The Beginning Of The End
    • The 'Debt Is Good' Era May Finally Be Ending
  • Modern Game Of Thrones
    • How The Power Structure Clings To Its Control

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. » Read more

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Pop! It’s Time.

The end of the (most recent) bubble era is here
Monday, December 14, 2015, 1:51 AM

The Federal Reserve is a serial bubble blower; and it has done it again. As we’ve been saying for a long time (too long, it seems), when this bubble comes apart, massive disruption and economic pain will follow.

Based on recent events, it seems that the time has finally arrived to say: This is it.

It’s done. Put a fork in it. It’s over. » Read more

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The Screaming Fundamentals For Owning Gold

We're at a moment of historic opportunity
Tuesday, December 8, 2015, 12:53 PM

Every year or two we update this report, which lays out the investment thesis for gold. Here is this year's version.

Silver is touched upon only as necessary; as a separate report of equal scope is required for that precious metal.

Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it. » Read more

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Forbes

When Nothing Means A Lot

Why the Fed’s failure to act is a bad sign
Friday, September 18, 2015, 12:12 AM

Today, Thursday September 17, 2015, the most anticipated decision in all of financial history was made.

Or not made, as it turned out. » Read more

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In A World Of Artificial Liquidity – Cash Is King

And you'd better have some stashed out of the system
Friday, July 3, 2015, 12:19 PM

It's more crucial now than ever for people to consider extracting a portion of cash from their bank accounts. » Read more