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Charles Hugh Smith

When You Put Too Many Eggs in One Basket…

Posted by on Saturday, July 23rd, 2022 in Of Two Minds

Greed is good until all the vulnerabilities and fragilities of systemic risk asymmetries manifest. When you put too many eggs in o...

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Why the Labor Shortage Isn’t Going Away

Posted by on Wednesday, July 20th, 2022 in Of Two Minds

It's getting hard to fill toxic low-pay jobs, and that's not going to change. The nature of work and the labor market are changi...

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The Real Policy Error Is Expanding Debt and Calling It "Growth"

Posted by on Monday, July 18th, 2022 in Of Two Minds

Waste is not growth, and neither are the unlimited expansion of debt and speculative bubbles. The financial punditry is whippi...

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The Only Real Solution Is Default

Posted by on Friday, July 15th, 2022 in Of Two Minds

The destruction of 'phantom wealth' via default has always been the only way to clear the financial system of unpayable debt burde...

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US Dollar Strength: "Unintended Consequences" Or "The Empire Strikes Back"?

Posted by on Wednesday, July 13th, 2022 in Of Two Minds

How unintended can these consequences be? My guess: not very. A great many people got the U.S. dollar trade wrong. The convention...

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Calm Before the Tempest?

Posted by on Monday, July 11th, 2022 in Of Two Minds

Is it beyond conception that the core actually strengthens for a length of time before the unraveling reaches it? Let's start by s...

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