Our Inevitable Collapse: We Can’t Save a Fragile Economy With Bailouts That Increase Fragility
By bailing out the sources of systemic fragility with trillions of dollars, the Fed has shifted…
Author: Charles Hugh Smith
The Pandemic Is Deepening America’s Many Divides
And so we've reached the precarious state of disunion in which the only thing the warring…
With Superfluous Demand in Free-Fall, What’s the Upside of Re-Opening a Small Business?
Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what's…
The Crash Has Only Just Begun
Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any…
No, This Is Not Another 1929, 1973, 1987, 2000, or 2008
Basing one's decisions on analogs from the past is entering a fool's paradise of folly.Like addicts…
Here’s Why the Economy Won’t Recover–and No, It’s Not Covid-19 or the Lockdown
When reality and truth become the sworn enemies of society's political and economic elites, the society…