Peak Prosperity News Feed

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Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold

It's the safest & most undervalued asset today
Monday, February 19, 2018, 1:35 PM

Fred Hickey, frequent cited expert on Bloomberg News and Barron's Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets today than he's ever been

Ironically, this lifelong expert in "all things technology" has concluded that gold (the "barbaric relic") is the sanest asset to put one's capital in these days -- both due to its safety factor and it's current level of undervaluation. He expects the precious metals to fare well during the downward market volatility he foresees, and he is now tracking the mining stocks closely as he predicts they will experience dramatic appreciation from here. » Read more

Blog

The Worst Threat We Face Is Right Here At Home

The Federal Reserve is ruining us
Friday, February 16, 2018, 7:58 PM

The Federal Reserve has done far more self-inflicted harm to long-term US interests than anything that Russia has been accused of, let alone been proven to have done. At this point, there’s no contest between the two. 

The worst threats we face are right here at home. » Read more

Podcast

Press Democrat

Timo Marshall: How To Make Alcohol

The science of distilling spirits
Tuesday, February 13, 2018, 11:46 PM

The process of distilling alcohol to produce common spirits -- like vodka, gin, whiskey, bourbon, brandy, rum, tequila, and vermouth -- is not widely known. 

On this podcast, we're joined by Timo Marshall, co-founder of Spirit Works Distillery. In today's discussion, Timo walks through the basic science underlying the distillation process, what differentiates the most common spirits from one another, and what resources are available to those interested in taking up the practice. » Read more

Podcast

traderscommunity.com

Danielle DiMartino Booth: Don't Count On The Powell Fed To Rescue The Markets

The new Fed Chair may break from his predecessors
Sunday, February 11, 2018, 3:29 PM

The recent gut-wrenching drop in asset prices began on the first day of the job for new Federal Reserve Chairman Jerome Powell.

How is Mr. Powell likely to react to a suddenly sick-looking market? Will he step in forcefully to reassure investors that there's a "Powell put" in place as a backstop?

To address these questions, former analyst at the Federal Reserve Bank of Dallas, Danielle DiMartino Booth, returns to the podcast this week. In her opinion, having studied Powell's previous statements, she thinks those expecting him to continue the market support his predecessors provided will likely be quite disappointed.

Powell appears to be no large fan of continued quantitative easing, and has long been on the record as concerned about the eventual pain its unwind will cause. He very well may resist riding to the market's rescue at this time, allowing natural market forces to finally have their way: » Read more

Blog

Shutterstock

Red Screen At Morning, Investor Take Warning

It's time for safety. And it's beginning to pay better, too
Friday, February 9, 2018, 8:12 PM

Growing up as I did in coastal New England, this old rhyme was drilled into us as children:

Red sky at night, sailor's delight;

Red sky at morning, sailor take warning.

I'm reminded of this rhyme because the markets are giving us a clear "red sky" warning right now. One that comes after (too) many years of uninterrupted fair winds and smooth sailing.

 
Blog

Shutterstock

Volatility Attacks! Webinar - Feb 13 @ 8PM EST

Making sense of the plunge & what to do next
Friday, February 9, 2018, 2:28 PM

With the markets down nearly 10% in just a single week, panicked investors are asking: What the heck is going on?

And while at Peak Prosperity we've long expected a breakage in the market like this, many of our readers are asking us: What's likely to happen from here? and Are there any steps we should be taking now?

To address these important questions, plus any other burning ones you might have at this point, we're holding an urgent webinar this coming Tuesday, Feb 13th at 8pm EST/5pm PST. » Read more

Blog

r.classen/Shutterstock

What The Crypto Crash & Stock Market Plunge Have In Common

Only one thing matters in bubble markets: sentiment
Monday, February 5, 2018, 4:57 PM

Did the stock market bubble just pop, just as the cryptocurrency one has? » Read more

Blog

Reuters

It's Looking A Lot Like 2008 Now...

Did today's market plunge mark the start of the next crash?
Friday, February 2, 2018, 8:57 PM

Economic and market conditions are eerily like they were in late 2007/early 2008.

Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful.

The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke. And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system was approaching fast.

It's fitting that I'm writing this on Groundhog Day, as to these veteran eyes, it sure has been looking a lot like late 2007/early 2008 lately... » Read more

Blog

Melissa E Dockstader/Shutterstock

The Pie Is Shrinking So Much The 99% Are Beginning To Starve

How much longer until the pitchforks come out?
Friday, January 26, 2018, 10:04 PM

Despite the endless media rah-rah about “growth” and “recovery,” it is self-evident to anyone who bothers to look beneath the surface of this facile PR that the pie is now shrinking. 

This dynamic is increasing inequality rather than reducing it. » Read more

Podcast

Vladimir Yudin | Dreamstime.com

Art Berman: Like It Or Not, The Future Remains All About Oil

And competition for it is heating up
Tuesday, January 23, 2018, 12:19 PM

Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: cheap, plentiful oil is here to stay.

How likely is this?

Not at all, warns Berman. World demand for oil shows no signs of abating while the outlook for future production looks increasingly scant. And the competition among nations for this "master resource" will be much more intense in future decades than we've been used to. » Read more