Author: Charles Hugh Smith

America's financial system and state are themselves the problems, yet neither system is capable of recognizing…

Nobody thinks a euphoric rally could ever go bidless, but as Greenspan belatedly admitted, liquidity is…

OK, now I get it. Take a couple tabs of Euphorestra and Hopium, and stick to…

The Fed's casino isn't just rigged; it's criminally unstable. The decay of America's middle class has…

All the risks generated by gambling with trillions of borrowed and leveraged dollars didn't actually vanish;…

The lesson of China's Cultural Revolution in my view is that once the lid blows off,…