Daily Digest 9/28 – The Personal Financial Crisis Explained, A Look at 90 Years of Auto Strikes

Economy Income inequality in America is at its highest level in more than 50 years (Thomas R.) “When you have a system where inequality is rising – and where some groups are perpetually overrepresented at the bottom of the income and wealth distribution, even when they follow the standard prescription […]

Resuming The Crash Position

Executive Summary My recent portfolio changes & the rationale behind each 6 strategies for positioning your portfolio for the next market downturn Deciding which strategies are most appropriate for you If you have not yet read Part 1: Realistically, What’s Left To Power Asset Prices Higher?, available free to all […]

Realistically, What’s Left To Power Asset Prices Higher?

Here we are again. The markets are within a few percentage points of their all-time highs, but just can’t seem to muster the momentum to break out above them. We saw similar conditions back in March/April and then again in July. Both times, the S&P dropped sharply after failing to […]

Daily Digest 9/27 – Good News Friday: Turning Billboards Into Honeybee Hotels, ‘Real Hope’ For Meaningful Climate Action

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header “Good News Friday.” We will save and post weekly. Enjoy! Economy Psychedelic drug therapy enters new era with Johns […]

Daily Digest 9/26 – U.S. Health Insurance Costs Hit Record High, Is Aramco Lying About Its Damaged Oil Infrastructure?

Economy Amazon event introduces new line of wearables that will push Alexa into every corner of your life (Sparky1) Because Amazon lacks an Alexa-powered smartphone such as Google and Apple have, it’s looking for other ways to make its always-listening assistant omnipresent. In addition to the wearables, it announced an […]

Peter Boghossian: How To Have Impossible Conversations

Looming government insolvency. Ecosystem collapse. Our complete dependence on depleting fossil fuels. Overpopulation. The accelerating wealth gap between the 1% and everyone else. The folly of pursuing exponential growth on a finite planet. Each of these topics often seem impossible to talk about. Too many people find them too triggering. […]

Daily Digest 9/25 – The World’s Wealthiest Families Are Stockpiling Cash, Medical Price Roulette

  Economy Peoria Residents Face New Property Tax Fee Devoted Entirely To Pensions (Saxplayer00o1) Peoria is not alone: Springfield city leaders learned in August the city must find another $269 million to properly fund its pensions over the next two decades. Other cities, such as Harvey, Carol Stream and Rockford, […]

Daily Digest 9/24 – Digital Money vs. the Dollar, The Race To Provide Banking To The World’s Poor

Economy The Coming Currency War: Digital Money vs. the Dollar (Thomas R.) Such a future, of course, might be a disappointment to many libertarians and tech-savvy investors who are pinning their hopes (and in some cases their money) on private cryptocurrencies such as bitcoin. US allies invoke treaty to pressure […]

Daily Digest 9/23 – Oil Markets ‘One Outage Away From Crisis,’ The Best Places To Live In 2100 AD

Economy Forget Stocks – Money Market Is Signaling Possible Troubles Ahead (Thomas R.) When unexpected things happen there, those perpetual worrywarts do not think “opportunity” first, but instead check out the exits. In this case, that undesirable bump was the repo market being unable to function within the Fed’s desired […]

Daily Digest 9/21 – Young People Take To The Streets For Climate, Nature ‘Unraveling’ as N. America Loses 3B Birds Since 1970

Economy Upbeat data suggest U.S. economy still on moderate growth path (Thomas R.) The U.S. central bank cut rates in July for the first time since 2008. The Fed offered mixed signals on further monetary policy easing. Data, including retail sales, so far in the third quarter suggest the economy […]

Off The Cuff: Understanding The Trouble With Repo Rates

In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss: What is the repo rate? Why did the rate suddenly skyrocket? Why a liquidity crisis is so dangerous Will the Fed really start up QE again? Something completely unexpected happened this week. Banks started running out of cash […]

Resilient Relocation

Executive Summary When relocation makes sense (and when it doesn’t) Developing the vision & plan for your relocation destination Creating community Which incentives will drive success If you have not yet read Part 1: The Importance Of A Resilient Life, available free to all readers, please click here to read […]

The Importance Of A Resilient Life

My business partner Adam and I recently met with a successful business owner whose career began on Wall Street. The kind of guy who should be rooting for the system, because it has treated him well. Instead, he was quite nervous about the sustainability of the status quo. “Starting in […]

Daily Digest 9/20 – Good News Friday: More Supporting Nonprofit News Sites, UC To Dump Fossil Fuel Investments

  This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header “Good News Friday.” We will save and post weekly. Enjoy! Economy Report: More people are supporting nonprofit news […]

Ben Hunt: Prepare To Get Burned

History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com. And science informs us that even the most simple systems become nearly impossible to predict or control with 100% precision as time and variables change. But our society today is ignoring these lessons. It’s […]

Daily Digest 9/19 – U.S. Says Saudi Oil Site Attack Was ‘Act Of War,’ The Global Expansion of AI Surveillance

Economy FedEx CEO: ‘Whistling past the graveyard’ on the U.S. consumer belies a broader slowdown (Thomas R.) Smith’s remarks came on the heels of weaker-than-expected results out the gate for FedEx’s first quarter of the 2020 fiscal year. The shipping giant – which derives about one-third of its annual revenue […]

Daily Digest 9/18 – Equifax To Sell More Utility & Phone Records, Oil Shock Hits Global Economy Already On Shaky Ground

Economy Oil shock hits a global economy that’s already on shaky ground (Saxplayer00o1) Following the release of fresh data for August, analysts at Societe Generale pointed out Monday that the industrial sector is “losing momentum at an alarmingly rapid pace,” and expressed concern that weakness could spill over into consumer […]

Daily Digest 9/17 – Trump Officials Warn On Mortgage Finance, Why Have No Banking Executives Been Prosecuted?

Economy Video: Trump has badly misread China’s hand (Don R.) While most of the focus has been on traded goods Amstad says to get the full picture you also need to take into consideration the value of services and the profits earned by US companies operating in China. As he […]

Daily Digest 9/16 – Saudi Oil Attack Roils Global Energy Markets, Medicaid’s Dark Secret

Economy Dow Futures Retreat, Global Stocks Fall After Saudi Oil Attacks, Weak China Data (Thomas R.) Oil prices surged the most since the 1991 Gulf War in early trading, before paring gains to between $5 and $6 a barrel, after drone attacks on the Abqaiq and Khurais crude facilities in […]

Daily Digest 9/14 – The Rich Live Longer Than The Poor, CA Real Estate Boom Is Over – What Now?

Economy Private Equity Tries to Protect Another Profit Center (edelinski) Twenty-five states have passed laws with limited protection for patients from out-of-network bills, usually for emergency room or urgent-care services; 20 more states are considering legislation. But these laws do not cover self-insured employer plans, which can only be regulated […]