Charles Hugh Smith

What’s Taboo? Everything Except Greed

Posted by on Thursday, April 15th, 2021 in Of Two Minds

OK, now I get it. Take a couple tabs of Euphorestra and Hopium, and stick to talking about making money in the market. Greed won'...

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The Middle Class Has Finally Been Suckered into the Casino

Posted by on Wednesday, April 14th, 2021 in Of Two Minds

The Fed's casino isn't just rigged; it's criminally unstable. The decay of America's middle class has been well documented and man...

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The "Helicopter Parent" Fed and the Fatal Crash of Risk

Posted by on Monday, April 12th, 2021 in Of Two Minds

All the risks generated by gambling with trillions of borrowed and leveraged dollars didn't actually vanish; they were transferred...

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Is a Cultural Revolution Brewing in America?

Posted by on Friday, April 9th, 2021 in Of Two Minds

The lesson of China's Cultural Revolution in my view is that once the lid blows off, everything that was linear (predictable) goe...

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What Could Go Awry?

Posted by on Wednesday, April 7th, 2021 in Of Two Minds

All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be transferred?...

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What’s Changed and What Hasn’t in a Tumultuous Year

Posted by on Sunday, April 4th, 2021 in Of Two Minds

Inequality is America's Monster Id, and we're continuing to fuel its future rampage daily. What's changed and what hasn't in the p...

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