In this week's Off the Cuff podcast, I stand in for Mish and ask Chris about:
- The Fiscal Cliff Fake-Out
- The "cliff" is actually one of our smaller problems
- 2012's Legacy
- Which 2012 development will have the biggest impact to our future?
- The Peak Prosperity Message
- And why larger audiences are beginning to awaken to it
- What's in store for 2013 on PeakProsperity.com
- New videos, contributors, functionality, and events
This week I sat down with Chris to pick his brain in-depth on what his key takeaways from 2012 are.
He sees us now at a time where the Fed has become the only player that matters in the markets. And by no means is that a good thing. Such pervasive intervention and dependency is anathema to price discovery and increasingly serves a small and shrinking number of large, inside interests. And it is not sustainable.
This should be worrisome to all, because it's increasingly clear that the Fed's ability to push the markets where it wants them is waning — fast. When the one thing propping up the paper system can no longer do so, a seismic and swift change is likely in the cards.
Chris and I talk at length about this, the macro prospects for 2013, as well as our plans for improving the PeakProsperity experience further next year.
As Chris advises, we should be ready — as individuals and as a site community — for the next big turn in this story to happen in 2013.
by nate 
