Tag Archives: Grant Williams

The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever.

The result? Record high stock prices whose valuations defy all logic.

What’s wrong with that? Shouldn’t we just enjoy the party and be grateful for our rising 401ks?

What’s wrong is that the Fed’s actions are dooming us. Their poisonous cocktail of endless cheap money and rock-bottom interest rates is hastening a terminal breakdown of the economy, while deliberately enriching a tiny cadre of elites to the ruin of everyone else.

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Recently, Mike Maloney, Grant Williams, Charles Hugh Smith, Chris Martenson and Adam Taggart all convened to tackle the implications of the price distortions that central bank intervention has had on the financial markets.

Back in 2018, each one of us was ringing a bell warning of a massive asset price bubble. 2019, however, only saw prices further shoot the moon (S&P up 28%, Nasdaq up 35%). And ever since ‘Not-QE’ was announced by the US Fed on Oct 8th, the rate of increase has only become more manic.

Exactly WTF is going on?!?

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While at the New Orleans Investment Conference this past weekend, Chris and I had the great pleasure of sitting down with Grant Williams, publisher of the economic blog Things That Make You Go Hmmm and principal of Real Vision TV.

There will be no smooth transition back to sustained economic growth, he warns

Instead, the distortion of today’s excessive asset prices will require a systemic reset to fix. Either by a deflationary event that destroys the malinvestment, or by an inflationary event that destroys the currency.

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On Tuesday, Mario Draghi apparently went rogue on his fellow policymakers and launched into a swan song version of his all-time hit “Whatever it takes”. The next day, Jerome Powell at the Fed confirmed his willingness to ease and let the market know he stands ready to cut rates multiple times over the next year.

That — plus a downed US drone patrolling the Iran border — poured gasoline on gold, which spiked as high as $1,410/oz, finally breaking free of the $1,350 ceiling that had blocked its advance for years.

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The stock market is now 70% higher than it was as the previous bubble peak immediately preceding the 2008 Great Financial Crisis.

Reflect for a moment how painful the crash from Sept 2008-March 2009 was. How much more painful will a crash from today's much dizzier heights be?

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Permanent impairment of capital is the cardinal sin of investing.

Well, today's markets present a clear and present danger of coming capital impairment for those who don't take prudent action in advance of a market downturn. Don't be guilty of inaction.

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If you have not yet registered for the Dangerous Markets webinar, which will take place at noon EST this Wednesday Sep 13th, time is quickly running out.

Chris and I are extremely excited for this one, as the featured presenters — Grant Williams and Lance Roberts — are two of our favorite market analysts. Both have done truly excellent work recently in identifying the key indicators to track as the current Mother Of All Financial Bubbles tops out and prepares to burst. This will be a very data-rich discussion (in other words, you chart geeks are going to be in heaven).

The price to participate in this webinar is $25, unless you are an enrolled member of PeakProsperity.com (i.e. paying subscriber with access to our ‘Insider’ content). In that case, it’s FREE.

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Younger generations that are being asked (goaded?) to step into an increasingly flawed future begin to resist. Which is completely understandable. They have nothing to gain if the status quo continues.

At the same time, the older generations mostly just settle into a stubborn insistence that everything will be fine if everyone will just do more of precisely what got us into the mess in the first place. Younger people should step up to make sure Medicare/Social Security/pensions remain fully funded, and buy the financial assets and homes of downsizing seniors at top dollar. The boomers have everything to lose if the status quo changes.

What happens when a culture’s dominant narratives are not just unsatisfactory, but entirely unworkable? 

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Believe it or not, the rock band Van Halen found a brilliant way to teach how having good indicators is key to achieving success.

This is extremely true for the world of investing, where you’re deploying capital based upon an expected future return. How do you determine when it’s a good time to enter into an investment? Once in it, how do monitor the conditions supporting your rationale for holding it — are those changing? And if so, are they getting better or worse? When should you exit the position?

For all of these questions, the better the indicators you use, the more accurate and informed your decision-making will be. And the better your returns as an investor will be.

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By an increasing number of metrics, today's financial markets are more overvalued than we've ever seen before. The price-to-sales ratio for the S&P 500 has never been this high. The same is true for its price-to-earning-growth ratio. Interest rates have never been this low — in 5,000 years of human history!

Which is why, via our new webinar platform, we're giving you insider access to two of our favorite world-renowned market experts, Grant Williams and Lance Roberts, who regularly produce some of the most valuable — and actionable — analysis and commentary on the financial markets, the global economy, and the future actions of the central banking system.

The event itself will take place on Wednesday, September 13 at noon EST/9am PST. It will last approximately an hour and a half.

The price to participate in this webinar is $25, unless you are an enrolled member of PeakProsperity.com (i.e. paying subscriber with access to our 'Insider' content). In that case, it's FREE. 

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