Author: Charles Hugh Smith

Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of…

Why would anyone sell when further gains are guaranteed? Because the gains are unreal but the…

The middle class has already collapsed, but thanks to debt and bubbles, this reality has been…

Unfortunately for those at the top who've benefited immensely from speculative bubbles, speculative bubbles don't create…

Please study these charts as a means of understanding the inevitability of economic stagnation and a…

This heavily managed 'market structure' is far from equilibrium and extremely prone to instability. The relentless…