Peak Prosperity, Released on 6/20/20

Well, so far the market has shrugged off last Thursday’s violent 6% drop. Though it does seem the momentum of the mania has been substantially tampered down. Last week’s drop created an “island reversal” that still remains, an encouraging technical sign for the bear camp. There have now been as many down days since the appearance of the island reversal than in the entire preceding month. The fact that the market hasn’t been able to rise higher and fill the gap above created by the reversal is a compelling signal that the rally may have finally run out of steam. The key question now is: Will things consolidate here? Or will all those open gaps left below over the past few months by the face-ripping rally start getting filled via a big coming drop? John Rubion joins us to discuss the implications of the massive price bubble the Fed continues to blow in stocks and bonds. His command of history shows that what’s happening today has plenty of historical precedent, and always ends in painful currency crisis and social revolt against the ruling elite. Will this time be any different?

Adam Taggart is the President and Co-Founder of Peak Prosperity. He wears many hats, but his basic job is to handle the business side of things so that his fellow co-founder, Chris Martenson, is free to think and write. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

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