Peak Prosperity News Feed

Blog

Shutterstock

Trouble Ahead For The Housing Market

We're starting to see rising supply & flat/declining prices
Monday, July 16, 2018, 3:27 PM

Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage 2: Suddenly Motivated Sellers.

He reminds us that housing bubbles follow a predictable progression:

  • Stage 1: Mania -- Prices rise at an accelerating rate as factors like excess central bank liquidity/loose credit/hot foreign money drive a virtuous bidding cycle well above sustainably afforable levels.
  • Stage 2: Peak -- Increasingly jittery owners attempt to sell out before the party ends. Supply jumps as prices stagnate.
  • Stage 3: Bust -- As inventory builds, sellers start having to lower prices. This begins a vicious cycle: buyers go on strike not wanting to catch a falling knife, causing sellers to drop prices further.

Rubino cites recent statistics that may indicate the US national housing market is finally entering Stage 2 after a rip-roaring decade of recovery since the bursting of the 2007 housing bubble: » Read more

Blog

bigbustours.com

Announcing The PP New York City Summit: Sep 16, 2018

With David Stockman! (this city only)
Friday, July 13, 2018, 2:30 PM

As committed, after having a terrific time traveling up the West Coast to hold Summits in San Francisco, Portland and Seattle, and then on to Denver and Austin, we're now bringing the same experience to more of the cities you've asked us to.

Next stop: New York City.

And this will be a particularly special event to attend. Why? Because we've scored a major coup: David Stockman will be joining us in person as co-presenter for the day!

So if you live in travel distance to NYC, come join us on Sunday September 16, 2018. You won't want to miss this! » Read more

Podcast

Shutterstock

Helms & Gray: Real Estate Investing 101

How to build equity & income tangible with a tangible asset
Monday, July 9, 2018, 3:48 PM

Real estate offers a path to build equity and income outside of the Wall Street casino, in ways that take advantages of tax incentives not available to stock and bond holders. It can also offer purchasing power protection during periods of currency devaluation.

But, education and timing are very important in this space. How can the novice investor get involved while reducing their risk of making costly mistakes? Real estate markets can enter price bubble territory (as many are in now) -- how can you determine when it's safe or too risky to invest?

We've invited Robert Helms and Russ Gray, better known as The Real Estate Guys, onto the podcast this week to provide a "Real Estate Investing 101" overview for the Peak Prosperity audience. In it, they cover the different ways to invest, how to identify which approach is best for you given your personal goals and risk appetite, and how to get started educating yourself towards becoming an active investor. » Read more

Blog

Anton Balazh/Shutterstock

Why The Coming Oil Crunch Will Shock The World

And why we need a new energy strategy -- fast
Friday, July 6, 2018, 7:42 PM

A responsible global society should have a credible and very publicly-stated energy strategy providing a road map for weaning itself from fossil fuels before they become prohibitively expensive/scarce.

But since we don't have one, the alternative path we're taking is to sleepwalk into the future with no plan for feeding 9 billion people or re-building a crumbled global infrastructure -- let alone facing the additional challenges of running out of critical minerals, dealing with destroyed ecosystems, and being unable to field the necessary fuel and economic complexity to install a brand-new energy infrastructure measuring in the hundreds of quadrillions of BTUs.

This business-as-usual path will be marked by the three D’s: despair, demoralization, and death. » Read more

Podcast

Charles Hugh Smith: We Desperately Need Shared Values, Connection & Positive Social Roles

Our culture is becoming a "social desert"
Tuesday, July 3, 2018, 12:51 PM

We've recently published a series of commentary on PeakProsperity.com addressing the epidemic of disconnection, dissatisfaction and demoralization that society is increasingly suffering from today.

Together, these articles beg the question: In an age of more "prosperity" than the human species has ever experienced, why are so many of us feeling so empty? And what solutions exist out there to offer us more meaning, connection and purpose in our lives?

Joining us this week is Charles Hugh Smith, who gives a detailed account of the root causes of what's ailing society, as well as the essential ingredients for repairing it. » Read more

Blog

DnD-Production.com/Shutterstock

It's Time To Care Again About Gold & Silver

Fundamentals and TA are signaling extreme undervaluation
Friday, June 29, 2018, 7:09 PM

It's been a while since I've covered the precious metals in an article. They've been range-bound for much of the past year, with few notable sector developments to report.

But I feel compelled to write about them today for two reasons:

  1. The probability of an upwards re-pricing of the precious metals is rising, and
  2. Both gold & silver are quite over-sold right now, technically-speaking.
Podcast

elmercurio.com

Michael Pento: When The Yield Curve Inverts Soon, The Next Recession Will Start

Expected timing: this Fall
Wednesday, June 27, 2018, 3:34 PM

Some day, today's era of insane asset price bubbles will end. But how? Will it unwind in an orderly and polite way, as the world's central planners hope? Or will be disorderly, resulting in painful portfolio losses and mass layoffs?

Michael Pento, fund manager and author of The Coming Bond Bubble Collapse returns to the podcast this week to offer his prediction that events will most likely take the latter route. In fact, he sees the developing inversion of the yield curve as a dependable precursor to the US economy entering recession as soon as this Fall: » Read more

Blog

The End of Growth

Either it ends, or we do
Friday, June 22, 2018, 7:57 PM

More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too.

At a deep level, what ails us is not a host of unrelated, intractable problems, but the fact that our model of pursuing eternal economic growth simply isn't working anymore. It doesn’t work for the planet’s increasingly strained ecosystems, nor does it work for the bottom 99% of folks in society (i.e., the non-elites). The various health epidemics society suffers from today are merely symptoms of a larger acute spiritual crisis.

But viewed at a certain angle, this may be a good sign.

Why? Because in order to shift from one model to another, the old one first has to become unbearable. » Read more

Blog

A Hard Rain's a-Gonna Fall

The prospects for the rest of the year are awful
Friday, June 15, 2018, 6:55 PM

As the Federal Reserve kicked off its second round of quantitative easing in aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. 

History proved Tepper right: financial and other risk assets have shot the moon. Equities have long since rocketed past their pre-crisis highs, bonds continued rising as interest rates stayed at historic lows, and many real estate markets are now back in bubble territory. 

And everyone learned to love the 'Fed put' and stop worrying.

But as King Louis XV and Bob Dylan both warned us, what's coming next will change everything. » Read more

Podcast

Ronald Stoeferle: Gold Is Dirt Cheap Right Now

And a new bull market for the metal is beginning
Tuesday, June 12, 2018, 11:38 AM

Fresh from releasing his exhaustive 230-page annual report titled In Gold We Trust, Ronald Stoerferle joins us to summarize his forecast for the yellow metal.

Stoerferle, an author of several books on Austrian economics and head of strategy and portofolio management at Incrementum AG, concludes that gold is extremely cheap right now in dollar terms. And he sees a new bull market beginning for the precious metal -- one likely to quickly build momentum as the next (and long overdue) financial market correction arrives. » Read more