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Charles Hugh Smith

Sorry Our Demographic Karma Ran Over Your Economic Dogma

Posted by on Friday, May 26th, 2023 in Of Two Minds

Your bogus economic dogma of "growth via the wealth effect" created the demographic karma that will bring down the status quo. Wha...

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Wages Going Up for Good: Catch-Up and Blowback

Posted by on Wednesday, May 24th, 2023 in Of Two Minds

Blowback has its own dynamics, as we'll learn in the decade ahead. One of the most durable expectations in the financial sphere...

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Are You Ready For a Real Recession?

Posted by on Monday, May 22nd, 2023 in Of Two Minds

In a real recession, what seemed safe and rock-solid melts into air. We haven't had a real recession in forty years (1981-82) a...

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2023: Echoes of 1973

Posted by on Friday, May 19th, 2023 in Of Two Minds

So what's changed? Everything, but mostly beneath the surface churn of circus and theater. 2023 is echoing 1973 in potential...

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How Many Dominoes Must Topple Before One Falls on Us?

Posted by on Wednesday, May 17th, 2023 in Of Two Minds

Everything's abstract until it happens to us. Dominoes falling are abstractions until one falls on you. Lines of dominoes top...

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What If AI Is Only a Cost and Not a Profit Bonanza?

Posted by on Monday, May 15th, 2023 in Of Two Minds

In the real-world, the costs are all we know for sure and profits remain elusive and contingent. No one knows how the flood of ...

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