Nearly 200 PP.com readers have taken our survey so far. Folks are definitely interested in participating in this new format, with a full two-thirds of respondents saying they would 'likely' or 'definitely' attend a Summit in their preferred city.
Demand is robust across a wide selection of regions, but the three cities that received the most requests are all in the Pacific Northwest: San Francisco, Portland and Seattle. So that's where we're going to start.
And for hose located far from those cities, especially outside of the US, we'll be holding an online version of the Summit for you to participate in.
Given that a month’s subscription to PeakProsperity.com is only $30, you may want to give serious consideration to enrolling instead. It’s only $5 more, and gives you access to the webinar PLUS all of the premium analysis, webinars, reports, podcasts, alerts and events that PeakProsperity.com has to offer. That’s a pretty screaming value for an additional five bucks.
In this webinar, featured experts Grant Williams and Lance Roberts dove deep into the structural fragility of today’s financial markets and the many reasons why economic growth will remain constrained for years to come.
The excessive build-up of debt in the system — and the absolute dependence on its continued expansion to keep the economy from imploding — is, of course, seen as the prime risk to future growth.
As Lance demonstrates here with several of his excellent charts, so much leverage has been taken on that its servicing is increasingly stealing capital that would otherwise go to savings, consumption and productive investment. Going forward, the demands of the debt service will simply result in less and less capital available left over to grow the economy:
As financial assets are (supposed to be) valued on future growth prospects, lower forecasted growth demands lower valuations. Grant calculates that, should the US see another decade of 2% average annual GDP growth (and it has averaged less than that over the past decade), stock prices should be roughly half of what they are today to be considered fairly valued:
And Lance builds further on this, explaining how this moribund growth, coupled with America’s aging demographic trend, will simply savage the nation’s (already troublesomely underfunded) pension and entitlement systems:
But there are a number of other destabilizing risks to fear beyond our terminal debt addiction. One that Grant believes is not getting enough attention right now is the de-dollarization trend becoming notably apparent across a number of America’s strategic trading partners:
To watch the full 1.5 hours of this excellent webinar, purchase it by clicking on the blue button above.