The Phantom Mania

Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since 2007: Every week since Not-QE was announced […]

Sebastian Junger: Is Our Material Wealth Undermining Our Happiness & Health?

One the most personally meaningful podcast interviews we’ve done over the years was Our Evolutionary Need For Community, recorded with Peabody award-winning author Sebastian Junger. Junger is well-known for his NYT-bestselling books The Perfect Storm and War, the latter of which was written after a 15-month tour of duty in the most […]

Daily Digest 11/22 – Good News Friday: The Secret to Enjoying a Long Winter, How A Guatemalan Town Tackled Its Plastic Problem

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 with subject header “Good News Friday.” We will save and post weekly. Enjoy! Economy The Kim Foxx Effect: How Prosecutions Have Changed […]

Daily Digest 11/21 – Understanding the Repo Crisis, Fracking Under Fire In California

Economy Wall Street is getting very bullish as stocks hit records. Here’s why that’s worrisome (Thomas R.) “Everybody seems to think that FOMO [Fear of Missing Out] will cause institutional players to buy, buy, buy into the end of the year,” Matt Maley, chief market strategist at Miller Tabak, told […]

Daily Digest 11/20 – Zero Real Yields Are Tripping Up Investors, The ‘Internet As We Know It’ Is Off In Iran

Economy Illinois Pension Costs Skyrocketed By 500%, Crowding Out Government Services (Saxplayer00o1) State spending on everything from child protection, state police, college aid for low-income students and more has fallen by nearly one-third during that time. State spending on pensions for government workers, meanwhile, grew by a whopping 501% – […]

Daily Digest 11/19 – Alaskan Homeless Services Face Uncertain Future, The Worst Is Over For Oil Markets

  Economy The Changing Of The Overlords (Sparky1) The country that Iran assumed influence over had been shattered by decades of war, military occupation, terrorism, and economic sanctions. Iraq is still struggling with the legacy of years of sectarian bloodshed, the emergence of violent jihadi groups, and widespread corruption unleashed […]

Off The Cuff: The System Is Purposely Insidious

In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss: Only An Elite Few Benefit From The ‘Wealth Effect’ The System Is Purposely Insidious Only Revolution Will Change Things At This Point What The Heck Is The Fed Up To Next? Get ready for ‘no punches pulled’ barnburner […]

Daily Digest 11/18 – Saudi Arabia Puts $1.7T Price Tag On Oil Monopoly, 70% Of Americans Are ‘Struggling Financially’

Economy ‘We can’t take it anymore’: As Lebanon economy skids, jobs in firing line (Sparky1) Banks, which closed for half of October, have blocked most dollar withdrawals and transfers abroad to avoid capital flight. They shut again this week after a staff strike over safety fears as people demand access […]

Daily Digest 11/16 – Global Debt Reaches Record High, Protests Grip Major Iran Cities Over Gas Prices

Economy Report: Global debt reaches record high, led by U.S., China (Sparky1) The report said that record-low interest rates made it easier for companies and businesses over this time to borrow money. While the U.S. Federal Reserve has made cuts in the benchmark interest rate, the People’s Bank of China […]

Why The Risk Of A Correction Is So High Right Now

Executive Summary How our driven pursuit of “growth” is putting the entire system at risk Why those running the system do NOT have our interests in mind Why a correction risk is so high right now Why our odds keep getting worse If you have not yet read Part 1: […]

The Federal Reserve Is Directly Monetizing US Debt

The Federal Reserve is now directly monetizing US federal debt. Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise. But it’s not terribly difficult to predict what’s going to happen next: the Federal Reserve will drop the […]

Daily Digest 11/15 – Good News Friday: How Meditation Can Help You Make Fewer Mistakes, Replacing Plastic With Compostable Material

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 with subject header “Good News Friday.” We will save and post weekly. Enjoy! Economy State Court Bars Using North Carolina House Map […]

Save The Date: Our 2020 Seminar Will Be May 1-3

We’ve nailed down the date for the Peak Prosperity 2020 Seminar. It will take place May 1-3, 2020. And be held in beautiful Sebastopol, CA in the heart of wine country. Mark your calendars and start planning your travel now. This year’s seminar will be bigger and better than ever. […]

Daily Digest 11/14 – Something Nasty Coming In Financial Markets, Can Hong Kong Heal?

Economy Chile’s finance minister calls for return to ‘normality’ as peso slides (Sparky1) The country’s currency plunged to more than 800 pesos per dollar, down more than 10% since mid-October, by midday on Tuesday as state workers and some unionized miners in Chile announced a nationwide strike, saying they were […]

Daily Digest 11/13 – Moody’s Cuts Global Sovereign Rating Outlook To “Negative,” Global Trends Shaping Our Climate Future

Economy Despite Obamacare, a ‘shockingly high’ number of people know someone who died after being unable to afford health care (Saxplayer00o1) He says this high number is likely a combination of many factors, including the high cost of health care, a lack of savings to pay for emergencies, the fact […]

Daily Digest 11/12 – NSW Faces Catastrophic Bushfire Risk, The Hidden Consequences Of Climate Change

Economy Hong Kong violence prompts reminder that China troops close at hand (Sparky1) China has a garrison of up to 12,000 troops in Hong Kong who have kept to barracks throughout the unrest, but it has vowed to crush any attempts at independence, a demand for a very small minority […]

Daily Digest 11/11 – CEO Departures Hit New High In October, Australia Declares Fire Emergency

Economy Two of the world’s biggest economies are at risk of recession (Thomas R.) Germany may post data Thursday indicating that it’s in recession. Economists surveyed by Reuters believe the world’s fourth largest economy shrank 0.1% between July and September — marking two straight quarters of negative growth. It’s possible […]

Daily Digest 11/9 – America Facing A Pension Crisis, How Scientists Got Climate Change So Wrong

Economy China Says Tariffs Will Go, But U.S. Doubts Remain (Thomas R.) “If the phase-one deal is signed, China and the U.S. should remove the same proportion of tariffs simultaneously based on the content of the deal,” Chinese Commerce Ministry spokesman Gao Feng said at a regular press briefing. “This […]

Should You Relocate To A More Resilient Area?

Likely a symptom of growing social unease, we’re seeing a surge in interest amongst our readership in relocation. Many are folks living in urban and suburban areas worried that local resources and/or rule of law will not hold up well during a serious economic crisis, civil disorder or natural disaster. […]

Off The Cuff: Descent Into Madness

In this week’s Off The Cuff podcast, Chris and James Howard Kunstler discuss: America’s death-match style of politics Corruption is everywhere these days Society is dangerously close to violence as faith is lost The shrinking Overton window Strap in for an hour of angst. Acerbic commentator James Howard Kunstler addresses […]