Enter a comma separated list of user names.


Off The Cuff: The Coming Capital Controls

Dan Amerman lists the many ways we will get fleeced
Friday, February 19, 2016, 5:52 PM

In this week's Off The Cuff podcast, Chris and Daniel Amerman discuss:

  • The Wide Extent Of Central Bank Intervention
    • And the resulting Franken""markets""
  • The Coming Era Of Capital Controls
    • The war on our money is just getting started
  • Don't Underestimate The Incompetence Of Our Leaders
    • Central banks are more stupid than evil
  • Political Risk To The Markets Is Greater Than We Realize
    • It's the trigger everyone is discounting


Off The Cuff: Time To Pay For Our Sins

Over-financialization is finally catching up with us
Tuesday, February 16, 2016, 8:09 PM

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

  • The Sins Of Over-Financialization
    • We're finally having to pay the price we've been deferring
  • The Energy Sector Is A Time-Bomb
    • One that has just detonated
  • GDP Is Going To Drop Hard From Here
    • Not an 'if'; but a 'when'. And a 'how much?'
  • A Crash Is In Our Future
    • And that good, believe it or not


ALERT: Markets In Breakdown

Time to take emergency funds out of the banking system
Thursday, February 11, 2016, 1:47 PM

This is a formal ALERT.

We issue those very sparingly here at Peak Prosperity. We only issue them when world events have gotten to the point that we are personally taking new actions to shore up our preparations.

2016 is fast proving that the tranquility the world has enjoyed from 2010 up to now has been false; that the problems we face were merely temporarily papered-over by central planners, not resolved. That tranquility is now over. Prepare for more turbulent times. » Read more


The Breakdown Has Begun

A wave of defaults is about to crash over us
Tuesday, February 9, 2016, 12:26 AM

Executive Summary

  • Oil patch defaults will be the trigger that burns down the markets
  • Defaults will ripple widely across many industries and sectors
  • The banks are suddenly turning on their central bank brethren
  • How to protect yourself from the coming era of wealth destruction

If you have not yet read The Return Of Crisis, available free to all readers, please click here to read it first.

Oil Troubles

The financial sector may be suffering through a bad time, but the oil sector is experiencing something far worse. While overall demand for petroleum is flat or down nearly everywhere, every producer is pumping like mad either to achieve a geopolitical agenda (as with Saudi Arabia and Russia) or to simply survive.

This chart of the price of WTIC oil also sports a pretty convincing head and shoulders formation, a common warning of “lower prices dead ahead”:

It looks like the $30 mark is the area to keep a close eye on, as that represents one possible ‘neckline’ to the H&S formation drawn above.  If that fails, look out below. Expect that area to be defended pretty vigorously by those institutions long oil.

I'm anticipating quite a skirmish over the $30 mark. But ultimately, I believe oil prices have further to fall. I think this because the economic news is dismal – no growth, only contraction right now and that’s going to hit demand – and also because the US has too much of the stuff to store. And because the next... » Read more



Off The Cuff: A Serious, Serious Mess

The service sector rapidly weakens
Friday, February 5, 2016, 12:39 PM

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • Oil And Stock Prices
    • Correlated at 0.9 right now
  • "A Serious, Serious Mess"
    • The service sector quickly weakens
  • Bank Losses
    • Need to be taken, but whom will get stuck with them?
  • Gold's Shine
    • It's relative performance for 2016 has been very good


Our Tone Deaf Elites Risk The Ruin Of Us All

They'll burn the world before sacrificing their privilege
Monday, February 1, 2016, 8:56 PM

The 'little people' all over the globe are beginning to stir and let their resentments be heard.

Yet the central planners and their entitled elite brethren are responding with confusion, and sometimes a deep callousness that knifes through the air. “Let them eat cake!” some almost say.

Inter-class enmity isn't remotely avoidable at this point.  » Read more


Ruslan Grumble/Shutterstock

Off The Cuff: The Need For Solutions

Enough with the problem, what should we do?
Friday, January 29, 2016, 2:38 PM

In this week's Off The Cuff podcast, Chris and David Morgan discuss:

  • How We Got Into This Mess
    • The bad polices that led to our current state of mal-investment
  • The Need For Solutions
    • Enough with the problem, what should we do?
  • Why Things Can Get Worse Quickly From Here
    • A chain-reaction of bursting bubbles
  • The Future For Silver
    • Where to next for the grey metal?


Oil Is Sinking The Markets

Subprime comparisons are now too obvious to ignore
Monday, January 25, 2016, 7:47 PM

A vast, enormous amount of junk-rated oil debt is in deep trouble. Everybody knows this, but saying so has been taboo up until now, at least in polite conversations.

But the parallels to the sub-prime market's role as the "pin that popped the bubble" in 2008 are now too obvious to ignore. » Read more


Getty images

Off The Cuff: It's Beginning To Look A Lot Like 2008

Liquidity is drying up & the banks are weakening fast
Thursday, January 21, 2016, 3:16 PM

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

  • It's Looking Like 2008 All Over Again
    • Liquidity is drying up & the banks are weakening fast
  • Oil At The Epicenter
    • The ripple effect of the losses will be wider than anyone expects
  • Financial Sector Leading The Way Down
    • The banks are getting hammered for their loan exposure
  • Gold Set To Shine Again
    • Will 2016 finally see a safety-driven rebound?


And.....It's Gone!

Market value everywhere is vaporizing fast
Wednesday, January 20, 2016, 12:00 PM

The deflation monster was evident across the global markets today, and the possibility of a market crash remains as high as ever.

In the overnight session on Tuesday, everything fell apart.

We can now clearly see the tracks of the deflation monster stomping across the world stage. While a retreat into bonds (safety) has happened, that’s just the normal first reaction to such a terrible financial situation.  However, those bonds will prove to be roach motels as the next stage of this monster will be massive bond defaults of all varieties. » Read more