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From the Desk of John Mauldin
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An opportunity of this caliber won't be available again for quite some time.
Dear Reader,
"John, how do I prepare for what's coming?"
It's the question I hear more than any other—whether I'm sitting at a dinner table in Dallas, walking the streets of New York, or sifting through correspondence here at my home in Puerto Rico.
Preparing for a crisis isn't just about what's in your portfolio.
It's about understanding the seismic shifts reshaping our world and positioning ourselves—financially, emotionally, and socially—to adapt.
I've written extensively about the broad outlines of the coming crisis: the debt problem and its unavoidable reckoning, demographic shifts challenging economies, and geopolitical shifts rewriting alliances.
But specifics? Those depend on how we respond.
That's the nature of crises—they are sudden, brutal resets.
Old institutions crumble, new ones take their place.
It's in these moments of upheaval that the greatest opportunities arise, and the deepest personal bonds are forged.
History teaches us this: the people who get to the other side of crises and emerge stronger are those who recognize the stakes, adapt to the changes, and find strength in trusted networks.
That’s why I’m writing to you today.
Preparing for what's ahead isn't just about understanding cycles.
It's about avoiding the oncoming train and harnessing the momentum to make it to the other side.
The question isn't if a major crisis is coming—it's when and whether you'll be ready to face it.
That’s why, after keeping Alpha Society closed to new members, we are reopening enrollment for a very short window.
I urge you to take a moment to read through this invitation—not just for yourself, but for your family and your future.
In times like these, having a seat at the right table can make all the difference.
The Next Few Years Could Be the Most Turbulent Yet
I’ve written extensively about cycles—drawing on insights from Neil Howe’s Fourth Turning, Peter Turchin’s overproduction of elites, George Friedman’s geopolitical shifts, Ray Dalio’s economic frameworks, and my own Endgame: The End of the Debt Supercycle.
Together, these perspectives paint an unmistakable picture: change is accelerating, and we’re moving toward a major crisis by the end of this decade.
We’ve seen this before. The French call it fin de siècle—periods of upheaval and transformation that reset the world’s trajectory.
Think of the years leading up to World War I, when the old order fractured and new systems emerged.
Or the post–World War II era, where Bretton Woods and the UN set the stage for decades of expansion.
Or the 1970s, when the oil shock and stagflation blindsided policymakers and forced a complete rethinking of monetary and energy systems.
Crisis is the crucible for change. And again, it’s on our doorstep.
What will the exact catalyst be? No one knows.
But we can’t deny these cycles test institutions, disrupt industries, and reshape how we live, work, and connect.
We’re living through one of those pivotal moments when everything shifts.
Either we move early, or we move too late.
Once the storm arrives, it’s not just too late to de-risk; you’re already dealing with the second- and third-order effects—falling asset values, institutional strain, and cascading shocks that ripple through every corner of the economy.
We saw it in 2007, when a housing bubble metastasized into a global financial crisis.
We saw it in the Great Depression, which gutted industries, wiped out savings, and left entire nations scrambling to survive.
The Panic of 1873 triggered a six-year economic stagnation where hundreds of banks failed, railroads declared bankruptcy, and unemployment soared.
Each time, while the country eventually found a way through. Countless individuals did not.
The unprepared—those without a trusted network, were left scrambling.
And the coming crisis will be larger, more global, and more interlinked than anything we’ve experienced in the modern era.
But what truly matters isn’t just what’s coming—it’s how you face it, and with whom.
Fiscal Reality: The Warning Signs Are Eerily Familiar.
Today, my Social Security checks total about $52,000 a year.
Thanks to inflation adjustments, those checks have grown by nearly 20% since COVID. I see that number hit my account every month. It’s real, tangible.
But what I also see is the shadow looming over it.
If those same contributions had instead been invested in the S&P 500, that account might be worth millions today.
It’s a stark reminder of what could have been—and what’s at stake for all of us.
As of December 2025, the fiscal picture is deteriorating faster than anyone expected.
By FY 2034, the latest CBO baseline projects federal debt approaching $50 trillion, roughly 118% of GDP. Higher than any point in our nation’s history.
Even now, the deficit is running about $1.8 trillion. Roughly 6% of GDP, after briefly brushing $2 trillion on a rolling 12-month basis.
Over the next decade, annual deficit will rise to $2.5 trillion, with more than half of that coming from “net interest.”
And by 2034, interest payments alone could reach $1.7–$2.0 trillion per year, crowding out everything else.
This is debt at WWII levels—but unlike then, there is no post-war boom waiting on the other side.
Debt held by the public now stands around $30 trillion, roughly 98–100% of GDP, leaving almost no room for fiscal maneuver in the face of recession, crisis, or geopolitical shock.
Non-defense discretionary spending totals just $928 billion, covering essential programs like education, infrastructure, and public health. The math doesn't work anymore.
The debt spiral has moved well beyond spreadsheets and forecasts.
History is uncomfortably clear what happens next…
The French Revolution of 1789, where spiraling debt and financial mismanagement triggered a collapse of the old order, unleashed a wave of upheaval.
The Latin American Debt Crisis of the 1980s plunged countries into economic stagnation and a "lost decade" of austerity.
And the Weimar Republic in the 1920s erupted into chaos when reparations and hyperinflation wiped out savings.
By July 1922, prices had risen by 700%.
*Below is an image captured of a crowd in front of a bank during the Weimar Republic's hyperinflation crisis, July 14, 1921.
Point is, these crises, inevitable in their time, leave a trail of economic stagnation, political instability, and social upheaval in their wake.
For us, we face a debt trajectory that is even more unsustainable. Time is almost up.
Reconciling this level of debt requires nothing short of "economic osteoclasis"—a re-breaking of what's poorly healed to reset and rebuild properly.
It’ll Be Painful, Messy, and Unavoidable.
According to Goldman Sachs, the market cap of the largest stock is now 750 TIMES the market cap of a 75th percentile stock.
To put this in perspective, even at the peak of the 2000 dot-com bubble, the metric only reached 550X.
We are now operating at concentration levels that exceed the dot-com peak and rival the extremes of 1932.
And to be clear, we’re not replaying 1929, at least not literally.
But concentration at this scale is a warning flare: the system is stretched in ways that can fail without much notice.
The good news (if we can call it that) is that we still have a narrow window to pre-position before the break.
This is the moment when investors who are out of position stay out of position… and those who act early preserve the buying power needed to get through what’s coming.
At these levels, this isn’t just about volatility or extremes, it’s about the potential for a systemic realignment. The question is no longer if—it’s when.
Optimism Alone Won't Protect Us.
So, when asked about how to prepare for what’s coming…
My approach, and one I strongly urge you to consider, is being a rational optimist.
As I often tell people:
I’m an optimist, but I’m a rational optimist.
Understand we’ll get through this, but it’s going to be messy. It may even get kinetic.
But here’s the caveat, attitude can only take you so far.
Optimism alone won’t shield us from the second- and third-order effects of crises—protests, strikes, and civil unrest as austerity measures bite… the ripple effects of economic instability that test even the strongest communities.
That’s why you need to be aligned with the right information, the right frameworks, and the right people.
It starts with first principles: managing portfolios, assets, and relationships in ways that preserve as much buying power and resilience as possible for the other side.
In times of crisis that wealth is never truly destroyed. It’s almost always transferred from one person to another.
When a market crashes, someone is on the opposite side of the trade making a fortune.
And in the coming years, I predict trillions of dollars will be transferred from those who aren’t prepared… to those who are.
The only question is which side of that transfer you’ll be on.
That’s why, after being closed for 12 months, we have re-opened Alpha Society, to give you the research depth, perspective, and alignment you need to stay on the right side of that transfer.
This is your chance to stand with those who see the path forward—seasoned voices to walk you through what’s changing, what matters most, and how to position accordingly.
Clear Eyes, Steady Hands, and the People I Trust Most
Alongside me, standing shoulder to shoulder on the frontlines of this coming crisis, is Ed D’Agostino.
Ed’s ability to cut through the noise and identify what truly matters makes him indispensable—not just to me, but to the entire Alpha Society.
As my trusted partner and a key force behind Mauldin Economics, Ed plays an essential role in shaping the research and strategies we share with you.
He sees both the forest and the trees, and that combination is extraordinarily rare.
Of course, we don’t do this alone. From time to time, we bring in outside voices who shape my own thinking—people like Lacy Hunt, Louis Gave, Bruce Mehlman, and others whose perspectives help us see around corners.
But this year, we’re going a step further.
We’re deepening our partnerships with two people whose work I follow every day:
Peter Boockvar, my first call for real-time economic signals, liquidity trends, and what’s happening beneath the headlines.
Dr. Ed Yardeni, a friend of 25+ years and someone who consistently gets the major calls right.
If you follow the financial world, you’ve likely seen their work featured in Bloomberg, CNBC, and across top-tier institutional research platforms. Yardeni is quoted frequently by Bloomberg’s Tom Keene, and Peter’s market insights are a staple for professional money managers.
You’ll see more about how their research folds into the Alpha Society experience below. But I can tell you this: their thoughts, and the clarity they bring, matter more now than ever.
Together, we will get through it and come out stronger on the other side.
Your Seat at the Alpha Society Table
As I wrap this up, I’m reminded how uncommon it is that we open the doors to Alpha Society. It’s been a year since we last invited new members, and before that, nearly two.
We don’t do this often, and we don’t do it lightly.
The world is shifting in ways most investors won’t recognize until long after the fact.
Crises always bring risk. But they also bring the kind of opportunity that only appears a few times in a generation.
That’s why Alpha Society exists. Not as another club, but as the latticework of research and access that helps you stay ahead of the forces reshaping our world.
Four times a year we meet, virtually of course, to confront those changes head-on.
Because of the intimacy of these discussions, and the depth of the research we explore together, the group must be aligned, thoughtful, and intentional about positioning for what’s ahead.
These are fully interactive sessions: cameras on, lively discussions, members speaking directly with me, Ed D’Agostino, and our guests, sharpening and sometimes even debating each other in the comments. It’s the closest thing to being in the room together.
Between those calls, the conversation continues...
Inside the Alpha Member Portal, members stay plugged into the Mauldin Economics ecosystem: the research, the analysis, and the ongoing discussions that help make sense of a world that isn’t getting simpler.
You’ll be connected to the entire research engine, without expiration.
If we’re going to live longer, and I believe many of us will, we also need to plan smarter.
So we arranged for the benefits of Alpha Society to compound. Meaning, we’ve created a way for the tools, the context, and the structure you gain inside to serve your children and grandchildren long after you and I are gone.
When you join today, here are just a few of the things you’ll receive:
Access to all the subscription services we currently publish plus special access and discounts on any future one-off products or events.
Complimentary yearly virtual access to SIC
Private quarterly Alpha Calls with me, Ed D’Agostino, and leading experts
And many other benefits my team has outlined below.
At its core, Alpha Society is about readiness. It’s about seeing the world as it is, not as we wish it to be—and positioning yourself on the right side of the structural changes already underway.
I don’t know when we’ll open enrollment again, but I suspect the world will look very different when we do.
If you decide to join us, I’ll look forward to seeing you on the next call.
Your always curious and determined to get through it analyst,
John Mauldin
P.S. New members receive instant access to the replay of our Q4 call, one of our most important sessions of the year. And I hope you’ll join us live on February 11 for our first call of 2026. Jared Dillian will be with us, and it promises to be a candid, forward-looking discussion you won’t want to miss.
Upcoming Events
Alpha Society Q4 Call 2025 Replay Now Available
John Mauldin & Ed D’Agostino
New members also receive full access to the replay and transcript of the Thursday, December 11 session—featuring Ed, John, and dozens of members in a wide-ranging conversation about the issues that matter most.
This was one of our most impactful discussions of the year, closing out 2025 with clarity and framing the key forces shaping 2026, including the groundwork we’ll build on in Q1.
Replay and transcript are available immediately inside your Alpha Society member portal.
This ensures new members can step into the ongoing conversation fully caught up and aligned with the framework we’ll expand on in Q1.
Mark Your Calendar:
Coming Up Next: Alpha Society 2026 Q1 Call
With Ed D’Agostino, & Special Guest Jared Dillian — February 11, 2026 at 4 PM ET
Our Q1 call is traditionally one of the most important of the year, it sets the tone for what’s ahead and highlights the early shifts that often determine the entire year’s trajectory.
Plus, with Jared joining us, we’ll dig into the crosscurrents shaping markets, policy, and positioning as 2026 begins accelerating.
Members are welcome to join with cameras and microphones or simply listen.
You may submit questions in advance, and a replay and transcript will be available afterward.
Here's what's included in your Alpha Society membership
Already a Subscriber? Check Your Subscription Credit
Over My Shoulder
Curated high-end research from John Mauldin and Patrick Watson
Value: $179/year
Today, investors are battling a tidal wave of AI-generated commentary and opinion pieces dressed up as “research.” Our instinct is to trust what looks credible, but in this environment, it’s getting harder to tell what’s true.
That’s why, several times a week, John Mauldin and Patrick Watson filter the chaos for you. You get 2–3 client-only reports from thinkers like David Bahnsen and Howard Marks — material we have special permission to share — complete with their private notes on why it matters.
In each issue, you’ll:
Track emerging trends, from policy shifts to market movements
Get concise, actionable takeaways that guide your next steps
See how global forces create risks and opportunities, in an easily digestible format
It’s the cleanest information diet an investor can have, and your direct line to analysis that rarely makes the evening news yet still moves markets.
NEW! The Boock Report
Daily Market Intelligence from Peter Boockvar
Value: $395/year
Your Alpha Society membership includes ONE YEAR of partner-level access to The Boock Report, running January 1–December 31, 2026. After that period, you may renew directly with Peter Boockvar’s organization.
Recently, Peter highlighted why oil may be “the next gold”—a massively under-owned asset on the verge of a major repricing. His daily work focuses on exactly these kinds of early signals.
Ready or not, markets often move long before the headlines catch up.
Every day, Peter distills the forces actually driving markets—liquidity shifts, policy moves, earnings trends—and turns them into clear, usable insight.
That’s why, every day, Peter breaks down what’s actually driving markets and shares it in real time, translating policy moves, economic releases, and market reactions into clear, relevant insights you can act on.
You’ll receive:
Daily takeaways - what moved markets today, in plain English
Clear context - how shifts in rates, commodities, currencies, and policy fit together
Actionable positioning notes - where risks are rising and where setups are improving
Full archive access - past reports, deep dives, and Peter’s long-term frameworks
*Special Note: Access runs January 1–December 31, 2026. Fulfillment, communication, and renewals will be handled directly by Boockvar’s organization.
NEW! Yardeni QuickTakes
Value: $348/year
Your membership includes ONE YEAR of partner-level access to Yardeni QuickTakes, running January 1–December 31, 2026. After that period, you may renew directly with Yardeni Research.
QuickTakes is Ed’s fastest, clearest macro briefing—a 10-minute daily compass that turns global forces into actionable perspective.
Full QuickTakes access - Yardeni’s complete macro commentary, updated daily
Instant email alerts - every QuickTake delivered the moment it’s published
Early webcast access - watch Yardeni’s briefings before they reach wider distribution
24/7 Live Charts - always-on inflation, liquidity, earnings, and market indicators
Deep Dive reports - long-cycle research on growth, policy, and markets
Downloads of all six Yardeni books - his entire macro framework in one place
*Special Note: Access runs January 1–December 31, 2026. Fulfillment, communication, and renewals will be handled directly by Yardeni Research.
Yield Shark
Proven income strategies for safety-focused investors
Value: $499/year
When markets jolt without warning, most investors realize they’re more exposed than they thought. One headline, one rate scare, and suddenly their entire portfolio gets real fragile, real quick.
But income is another story.
Yield Shark focuses on dividend payers built to defend and grow their payouts through recessions, rate cycles, and volatility. Led by Kelly Green, known for her disciplined approach to financially resilient income—Yield Shark gives members a done-for-you dividend portfolio designed for stability, rising income, and long-term total return.
Where others panic-sell at the first sign of turbulence, Yield Shark members keep collecting checks.
Macro Advantage
Themes endure even when markets don’t.
Value: $1,495/year
Instead of chasing headlines or reacting to volatility, Macro Advantage focuses on the deep structural forces reshaping the global economy, and the opportunities they unlock for patient, prepared investors.
Led by Ed D’Agostino and our research team, Macro Advantage translates these forces into a disciplined, real-time portfolio. You’ll see exactly when we enter a position, when we trim, when we exit, and why.
Whether it’s taking a no-risk “free ride” on a winner, closing out a theme that’s run its course, or adding exposure where the long-term story is strengthening, Macro Advantage shows you how thematic investing works in practice, and how to put the world’s most powerful macro drivers to work in your portfolio.
Transformative Age
Redefining Health, Longevity, and Wealth—Together.
Value: $1,795/year
Biotech and longevity breakthroughs are accelerating faster than most people—even most doctors—can follow. But how do you know what’s real science, what’s hype, which companies are real, and where the investable opportunities actually are?
Transformative Age distills breakthroughs and identifies the companies most likely to reach their “iPhone moment.”
Led by Patrick Cox and Chris Wood, two of John Mauldin’s closest collaborators in biotech and longevity science, Transformative Age turns this research into a clear, investable longevity portfolio grounded in disciplined analysis and clinical context. You’ll see:
Which breakthroughs are scientifically credible and commercially meaningful
What these shifts mean for your healthspan and your portfolio
Which companies are best positioned as longevity goes mainstream
Quarterly Council Calls with Patrick Cox, Dr. Mike Roizen, and Chris Wood, or leading industry experts when appropriate, give you direct access to the people shaping the front lines of age reversal and regenerative medicine.
VIP Week in Review
Value: Exclusive to Alpha Members and VIPs
Stay ahead with a streamlined weekly summary of market insights and research.
Every Friday, VIP Week in Review delivers a concise, easy-to-read digest of the week’s highlights from all Mauldin Economics subscription services.
VIP Week in Review ensures you're never out of the loop, making your Alpha Society experience both efficient and effective.
Strategic Investment Conference 2026 and Beyond!
Complimentary virtual access to SIC 2026 plus access to all future virtual SIC events.
Value: $495/annually
For over two decades, the Strategic Investment Conference (SIC) has set the gold standard for investors seeking deep insights into global markets, macro trends, and geopolitical shifts.
As an Alpha Society member, you receive full virtual access to SIC 2026 at no cost.
SIC 2026 runs from Monday, May 4 through Wednesday, May 13—five days of world-class sessions delivered across ten days.
This is your opportunity to hear directly from the thinkers shaping markets in real time as 2026 unfolds.
EXCLUSIVE The Virtual “ALPHA SIC” Pass
Starting with SIC 2026, your Alpha Society membership includes a virtual pass to every future Strategic Investment Conference—every year. At no additional cost.
This is not a one-time perk.
It’s perpetual access to the brightest minds in finance and economics.
Beyond the main agenda, Alpha Society members also receive exclusive access to private “fireside chats”, closed-door virtual sessions with SIC presenters, unavailable to general attendees.
While others pay full price each year, your membership guarantees ongoing virtual attendance, recordings, and transcripts, for life.
A benefit you can even pass down to your family.
We're thrilled to share that, as good friends and collaborators with Jared Dillian, we've included his Strategic Portfolio letter as part of this offer.
Jared Dillian's Strategic Portfolio
Secure Growth, Reduce Stress, Rest Easy
Value: $249/year
The Strategic Portfolio is up 26.1% year-to-date as of December 1—outperforming a traditional 60% SPY / 40% AGG allocation (13.4%) and a 60% RSP / 40% AGG allocation (9.3%).
Jared Dillian’s Strategic Portfolio is a disciplined, research-backed allocation designed to reduce stress, smooth volatility, and keep your wealth compounding through every cycle.
Built around five essential asset classes (stocks, bonds, real estate, cash, and gold) it’s engineered to withstand shocks, avoid major drawdowns, and deliver steady long-term gains without constant tinkering.
Instead of chasing headlines or reacting to fear, you follow a structure that does the heavy lifting. You get a pre-balanced, resilient portfolio with clear guidance, so you always know what to hold, when to rebalance, and why.
Whether you’re building your foundation or nearing retirement, the Strategic Portfolio helps you invest confidently, stay disciplined, and focus on what matters most, a calmer, more resilient path to long-term wealth.
Maximize Your Return on Investment
Joining this caliber of research and quarterly calls does come with an investment.
For a one-time fee of $7,495, you’ll secure your Alpha Society membership, including perpetual access to the full Mauldin Economics research suite, all quarterly Alpha Calls, and every benefit reserved exclusively for Alpha Society members.
Starting in Year Two, your membership remains active with an annual fee of just $795, giving you uninterrupted access to the entire Mauldin Economics ecosystem — every research service we publish, every quarterly call, every member benefit, and every new subscription service we introduce in the future.
To put this into perspective, after 5 years, Alpha Society would cost you $10,675 (the one-time $7,495 membership fee + four years of $795 annual dues), compared to $24,303 for individual Mauldin subscriptions — before accounting for the value of future services that Alpha Society members receive automatically.
This doesn’t even factor in the Member Equity Credits that you are entitled to (more on that below).
If you already own a subscription, your initial savings would be even greater!
5 Perpetual Benefits
Year-After-Year Privileges Reserved for
Alpha Society Members
1. Every Future Mauldin Economics Subscription Service—Automatically Yours
Think of your membership as a lifelong partnership with Mauldin Economics.
As markets evolve and opportunities emerge, you’ll have a front-row seat to how our editors and analysts navigate cycles and crises.
As long as you remain a member in good standing, you’ll receive automatic access to every subscription service we produce—now and in the future—at no additional cost.
While others pay full price year after year, your membership guarantees uninterrupted, expanding access to the tools, strategies, and research you need to adapt, thrive, and seize opportunity in any environment.
Over time, this perpetual access becomes an appreciating asset—empowering you to weather the storms and capitalize on the breakthroughs ahead.
2. Four Times a Year Alpha Calls
Four times a year, you’ll join John Mauldin and Ed D’Agostino, along with occasional invited experts, for in-depth discussions on the forces shaping markets, policy, and opportunity.
They’re closed-door, highly interactive sessions are where members come on camera, unmute, and speak directly with John and Ed. Few investors ever get that chance.
Members share how they’re positioned, what they’re wrestling with, and how they’re applying John’s frameworks in their own portfolios.
As iron sharpens iron, hearing how other thoughtful investors navigate uncertainty sharpens your own decision-making.
John and Ed engage directly with the group, exploring recession risks, global shifts, positioning decisions, alternative assets, and the structural forces shaping long-term wealth. No topic is off limits, and no question is too simple or too complex.
Whether you join live or catch the recordings and transcripts, you’re stepping into a trusted membership of people who take markets, and their future—seriously.
You can also submit questions in advance, ensuring your concerns are addressed even if you can’t attend live.
3. The Alpha Portal—Connect and Interact 24/7
The Alpha Society Member Portal is your private, always-available home for quarterly call recordings, transcripts, SIC session replays, and key updates from John, Ed, and the Mauldin Economics team.
Inside, you can:
Access every past Alpha Call and its full transcript
Rewatch SIC sessions, Happy Hour Conversations, and special events
Review notes, updates, and important announcements in one central place
Post questions or comments for the team, and receive responses when appropriate
While the “Alpha Portal” isn’t designed to be a high-volume chat forum — members can ask questions, start discussions, and engage with the team and others at any time.
You’re welcome to share insights, observations, or questions with the group.
4. The Alpha Succession Plan: Leave a Legacy of Wealth, Wisdom, and Rational Optimism
True wealth is more than capital, it’s the knowledge, habits, and perspective you pass down.
With the Alpha Succession Plan, your membership becomes a long-term asset for your family. You can transfer your Alpha Society benefits to a child, grandchild, or family member, ensuring they inherit not only world-class financial research and strategic guidance, but a framework for thinking clearly in an uncertain world.
Your heirs will receive the same access you do—premium research, strategic insights, SIC attendances, and the accumulated intellectual capital built over decades. It turns your relationship with Mauldin Economics into something durable… something that outlives you.
As the holidays approach, give a gift that compounds…A legacy of preparedness, rational optimism, and the tools to navigate whatever the next cycle brings.
If you’d like, you can even bring a loved one to the next Alpha Call and let them see firsthand the clarity, resources, and long-term perspective that defines the Alpha Society.
5. Your Own Alpha Society Concierge
Available All Year, Every Year: Personalized Support at Your Fingertips
As an Alpha Society member, you’ll have access to a dedicated concierge, ensuring every aspect of your experience is seamless and stress-free.
Whether you need help accessing your account, quick answers to your questions, guidance on Alpha Society benefits and events, or updates on schedules and information, your concierge is here to assist you every step of the way.
More than VIP treatment—it’s peace of mind. With personalized, prompt, and unparalleled support, you can focus on what truly matters while we handle the rest.
Whenever you need us, we’re just a phone call or email away.
Already a subscriber? We got you covered…
We value your commitment to Mauldin Economics and have taken special care to ensure your investment continues to work for you.
We call it the “Membership Equity Credit”, because if you’re currently subscribed to any Mauldin Economics services, every dollar you’ve invested in those subscriptions will be matched and applied directly to your Alpha Society enrollment.
This seamless transition preserves the value you’ve already invested in while enhancing it—often saving hundreds, sometimes thousands, off the one-time membership fee.
Curious how much equity you’ve accumulated toward your Alpha Society membership? Simply click the link below, log in with your username and password, and see how your existing subscriptions lower your entry cost into this exclusive private, invitation-only membership.
RECAP: Everything Included with Your Alpha Society Membership
Your Alpha Society Membership Entitles You to These Exclusive Benefits:
All Premium Subscription Services: Every Mauldin Economics subscription service—current and future—for as long as we publish them. (Value: $4,217/year)
VIP Week in Review: Stay informed with a concise, high-impact summary of the week’s most critical market and economic insights and Mauldin announcements.
NEW! One-Year Access to Yardeni QuickTakes: Fast, data-driven macro commentary from Dr. Ed Yardeni, including his 24/7 live chart library and ongoing analysis of inflation, earnings, liquidity, and global market trends. (Value: $348)
NEW! One-Year Access to The Boock Report: Daily market intelligence from Peter Boockvar—real-time economic interpretation, liquidity analysis, and institutional-grade cross-asset commentary to understand the day without losing sight of the decade. (Value: $395)
Four Times a Year Alpha Calls: Virtual closed-door discussions with John Mauldin, Ed D’Agostino, fellow Alpha Society members, and occasional special guests, covering timely strategies and macro opportunities.
SIC 2026 Virtual Pass: Complimentary pass to the Strategic Investment Conference 2026—plus exclusive discounted tickets for eligible future non-SIC events (Value: $495)
EXCLUSIVE! The “ALPHA SIC” Pass: You’ll receive a complimentary virtual pass to ALL FUTURE SIC events in the years ahead.You’ll never miss the premier virtual conference for cutting-edge macroeconomic insights from the brightest minds in finance and economics. (Value: $495 annually)
The Alpha Portal: Join the members-only platform to connect with Alpha Society members, access archives, and engage directly with Mauldin Economics editors in AMAs and discussions.
The Alpha Succession Plan: Pass your membership on to a loved one, ensuring generational access to wealth-building strategies and insights.
Membership Equity Credit: A dollar-for-dollar match of any current Mauldin Economics subscriptions applied towards your Alpha Society membership, so you never pay twice for the same service.
Alpha Society Concierge: Receive priority, white-glove customer service dedicated to your needs.
Your Risk-Free Invitation to Join the Alpha Society
We understand that $7,495, is a significant investment—even though it represents only a fraction of the value you’ll receive as a new member.
That’s why we’ve removed all the risk.
When you join the Alpha Society, you’ll have 30 full days to explore everything it has to offer:
Access premium research
Attend Alpha Calls with John Mauldin, Ed D’Agostino, and special guests
Participate in Alpha Society chat with other members
Dive into every resource designed to help you navigate the challenges and opportunities ahead
If, at any point during those 30 days, you feel the Alpha Society isn’t the right fit, simply let us know through our Customer Care team and we’ll issue a full refund—no questions asked.
Enrollment for 2025 closes at midnight, December 29, 2025. Don’t miss your chance to join this trusted community and secure your seat at the table.
*** REMINDER: UPCOMING EVENTS***
Alpha Society Q4 Call 2025 Replay Now Available
John Mauldin & Ed D’Agostino
New members also receive full access to the replay and transcript of the Thursday, December 11 session—featuring Ed, John, and dozens of members in a wide-ranging conversation about the issues that matter most.
This was one of our most impactful discussions of the year, closing out 2025 with clarity and framing the key forces shaping 2026, including the groundwork we’ll build on in Q1.
Replay and transcript are available immediately inside your Alpha Society member portal.
This ensures new members can step into the ongoing conversation fully caught up and aligned with the framework we’ll expand on in Q1.
Mark Your Calendar:
Coming Up Next: Alpha Society 2026 Q1 Call
With Ed D’Agostino, & Special Guest Jared Dillian — February 11, 2026 at 4 PM ET
Our Q1 call is traditionally one of the most important of the year, it sets the tone for what’s ahead and highlights the early shifts that often determine the entire year’s trajectory.
Plus, with Jared joining us, we’ll dig into the crosscurrents shaping markets, policy, and positioning as 2026 begins accelerating.
Members are welcome to join with cameras and microphones or simply listen.
You may submit questions in advance, and a replay and transcript will be available afterward.