Tag Archives: markets

Commentary Producer prices (PPIACO) looked unpleasant for July; +1.18% m/m, +19.79% y/y. That’s the largest increase since 1973-74. But don’t worry; Powell tells us it is transitory. It was transitory back in the 70s too – but the “transition period” lasted about 8 years, resulting in prices jumping from PPIACO=40 to PPIACO=100. Now that’s the…

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Good news for Peak Prosperity subscribers — Davefairtex has returned to regularly scheduled programming with his weekly market updates!

In this introductory interview, Dave sits down with Chris to discuss how he approaches markets, the signals he looks for, and what to expect in his weekly market updates.

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Back in December, Saxo Bank’s Steen Jakobsen predicted a massive boom in commodity prices was dead ahead. Not many others shared that view back then.

But, boy, was he ever right.

Commodity prices have exploded in the five months since that interview was recorded.

And more important, in Steen’s eyes we ain’t seen nothin’ yet. He predicts commodity prices are going to continue heading higher, a LOT higher, from here.

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Money manager Eric Hickman is a number-cruncher who’s also a student of history. 

And looking at the past 100 years of market data, he’s forced to conclude that the stock market is due for a whopper of a correction — one that could happen at any moment…

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Few people alive understand how Capitol Hill and Wall Street work better than former Congressman and financier David Stockman.

And he is deeply concerned that our current political, monetary and fiscal policies are setting the stage for an epic breakdown in the economy as well as the financial markets.

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Investigative journalist Bethany McLean is an expert on crisis.

She has written New York Times best-selling books on the collapse of Enron (The Smartest Guys In The Room) as well as the mortgage industry and Wall Street abuses that led to the 2008 Great Financial Crisis (All The Devils Are Here and Shaky Ground).

So when she says she’s deeply worried about today’s macro environment, we’d better take notice.

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Stocks, houses, commodities, Bitcoin – the price of nearly everything is up double digits vs last years pre-coronavirus highs.

Have the trillions in stimulus ushered in a new bull market in, well, everything? Or have they helped blow the biggest asset price bubble in history?

Macro analyst Wolf Richter suspects the latter. And he doesn’t think we have much time left before it bursts.

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For any problems they face, governments all over the world are now conditioned to simply deficit spend or issue new $trillions in ‘thin air’ currency.

So how in danger are we of that recklessness leading to a breakdown of the entire system?

Respected financial analyst Michael Every suspects we’re closer than most realize.

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Highly-respected market researcher Luke Gromen concludes that we’re living in a unique period of history given that we currently facing three massive threats:

• the first bursting global sovereign debt bubble in over 100 years
• the first time in 50+ years that foreign central banks are no longer financing the US economy (i.e., they have stopped growing their holdings of US Treasurys)
• the US’ long-standing “petrodollar” advantage is eroding as other countries increasingly strike deals to trade key commodities in non-USD currencies

As these challenges mount, how will they resolve?

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Highly-respected economic analyst Stephanie Pomboy of MacroMavens.com notes that the discrepancy between today’s record financial asset prices and the underlying economy they’re supposed to reflect are the farthest off she’s ever seen in her entire career.

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