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Image | Mixed Data; These Are Our Stories
Mixed Data; These Are Our Stories
 PREVIEW
by davefairtex

There were two economic reports this week: Nonfarm Payrolls: +223k month over month (m/m) [prior +256k] (bullish) Durable Goods: New Orders -2.13% m/m, Shipments +0.19% m/m (bearish) My favorite section of payrolls that I use for detecting recession isn’t showing a clear signal of recession just yet; the FRED Series (LNS12032196) titled “working part-time for…
Mixed Data; These Are Our Stories
 PREVIEW by davefairtex

There were two economic reports this week: Nonfarm Payrolls: +223k month over month (m/m) [prior +256k] (bullish) Durable Goods: New Orders -2.13% m/m, Shipments +0.19% m/m (bearish) My favorite section of payrolls that I use for detecting recession isn’t showing a clear signal of recession just yet; the FRED Series (LNS12032196) titled “working part-time for…
Image | The Curse of Seeing Things Clearly (and Caring)
The Curse of Seeing Things Clearly (and Caring)
 PREVIEW
by Chris Martenson

Sentinel intelligence is the ability (some say superpower) to detect large threats early. We’ve got that in spades here at Peak Prosperity. It is usually a curse because, as with the myth of Cassandra, people “blessed” with Sentinel Intelligence are destined to be ignored by most people while also being burdened with the trait of…
The Curse of Seeing Things Clearly (and Caring)
 PREVIEW by Chris Martenson

Sentinel intelligence is the ability (some say superpower) to detect large threats early. We’ve got that in spades here at Peak Prosperity. It is usually a curse because, as with the myth of Cassandra, people “blessed” with Sentinel Intelligence are destined to be ignored by most people while also being burdened with the trait of…
Image | 2022 The Year in Review: The War in Ukraine
2022 The Year in Review: The War in Ukraine
by David Collum

Annually, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. He strikes again in his usually poignant and delightfully acerbic way. As with past years, he selected Peak Prosperity as the site where it is published in full. It is longer than our usual posts, but…
2022 The Year in Review: The War in Ukraine
 by David Collum

Annually, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. He strikes again in his usually poignant and delightfully acerbic way. As with past years, he selected Peak Prosperity as the site where it is published in full. It is longer than our usual posts, but…
Image | When Will It Start? It Already Has.
When Will It Start? It Already Has.
 PREVIEW
by Chris Martenson

Fifth Generation Warfare (5GW) is where state actors use all of their exceptionally potent tools of persuasion to control the narrative and install new cognitive biases by hacking our wiring and leveraging our pre-existing beliefs, biases and judgments.  Sound like some dystopian SciFi movie?  It does, but it’s also the current reality. Welcome to the…
When Will It Start? It Already Has.
 PREVIEW by Chris Martenson

Fifth Generation Warfare (5GW) is where state actors use all of their exceptionally potent tools of persuasion to control the narrative and install new cognitive biases by hacking our wiring and leveraging our pre-existing beliefs, biases and judgments.  Sound like some dystopian SciFi movie?  It does, but it’s also the current reality. Welcome to the…
Image | Why The Windfall Oil Tax Will Backfire
Why The Windfall Oil Tax Will Backfire
by Chris Martenson

Those greedy oil companies! Time to tax them good and hard! The only problem with this view is it is so short-sighted and unsophisticated it will actually produce the exact opposite of what it (supposedly) intends. So, get ready for a future of lower oil supplies and higher prices along with related economic harms that…
Why The Windfall Oil Tax Will Backfire
 by Chris Martenson

Those greedy oil companies! Time to tax them good and hard! The only problem with this view is it is so short-sighted and unsophisticated it will actually produce the exact opposite of what it (supposedly) intends. So, get ready for a future of lower oil supplies and higher prices along with related economic harms that…
Image | Dollar Crushed; Apology for America
Dollar Crushed; Apology for America
 PREVIEW
by davefairtex

The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines…
Dollar Crushed; Apology for America
 PREVIEW by davefairtex

The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines…
Image | Surprisingly Strong Payrolls; The Kids Are Not OK
Surprisingly Strong Payrolls; The Kids Are Not OK
 PREVIEW
by davefairtex

Payrolls looked “surprisingly strong” on Friday, with the headline number at +263,000, with +250,000 expected. That wasn’t a big difference, but markets sold off hard immediately following this release – except for oil and gasoline, which had great days, apparently unaffected by payrolls one way or the other. Wolf Richter, who is usually on top…
Surprisingly Strong Payrolls; The Kids Are Not OK
 PREVIEW by davefairtex

Payrolls looked “surprisingly strong” on Friday, with the headline number at +263,000, with +250,000 expected. That wasn’t a big difference, but markets sold off hard immediately following this release – except for oil and gasoline, which had great days, apparently unaffected by payrolls one way or the other. Wolf Richter, who is usually on top…
Image | An Act of War
An Act of War
by Chris Martenson

The bombing of the Nord Stream gas pipelines in the Baltic Sea was an act of war. The evidence very strongly points to the U.S. as being either behind it or standing aside as it was carried out by some other NATO member or related contractor. In other news, the Biden Administration and OPEC are…
An Act of War
 by Chris Martenson

The bombing of the Nord Stream gas pipelines in the Baltic Sea was an act of war. The evidence very strongly points to the U.S. as being either behind it or standing aside as it was carried out by some other NATO member or related contractor. In other news, the Biden Administration and OPEC are…
Image | This Financial Crisis Will Be 10x Worse Than 2008
This Financial Crisis Will Be 10x Worse Than 2008
by Chris Martenson

The financial crisis now breaking will be ten times worse than 2008. It will need its own name, perhaps the Extremely Great Financial Crisis. Stocks, bonds, commodities, real estate, mortgages, corporate financial outlooks…are all tanking. The dollar is spiking. Layoffs are growing. Markets are imploding. What is going on? We have a liquidity crisis that…
This Financial Crisis Will Be 10x Worse Than 2008
 by Chris Martenson

The financial crisis now breaking will be ten times worse than 2008. It will need its own name, perhaps the Extremely Great Financial Crisis. Stocks, bonds, commodities, real estate, mortgages, corporate financial outlooks…are all tanking. The dollar is spiking. Layoffs are growing. Markets are imploding. What is going on? We have a liquidity crisis that…
Image | A Huge Dollar Rally, and A Tipping Point
A Huge Dollar Rally, and A Tipping Point
 PREVIEW
by davefairtex

The Fed raised rates by 75 basis points on Wednesday; looking forward, Powell is hawkish, and talks about maintaining a “restrictive policy for some time.” For those who want to get it from the horses mouth, and have a lot of time to kill, you can listen here (Source – FOMC/YouTube). Wolf Richter’s take on…
A Huge Dollar Rally, and A Tipping Point
 PREVIEW by davefairtex

The Fed raised rates by 75 basis points on Wednesday; looking forward, Powell is hawkish, and talks about maintaining a “restrictive policy for some time.” For those who want to get it from the horses mouth, and have a lot of time to kill, you can listen here (Source – FOMC/YouTube). Wolf Richter’s take on…
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I’ve been doing a lot of thinking about the needs and sustainability of our family. We have six young children, our oldest just turned 12 and our youngest just turned 3 months old. I love the considerations that the article had above and thought I would add a few things that I have considered for our situation. My...
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