This Sucker’s Going Down: The Destruction of Demand
Demand based on debt, unfulfilled promises and unaffordable habits is burning down.The first-order effect of the…
Author: Charles Hugh Smith
Our Fate Is Sealed, Vaccines Won’t Matter: Four Long Cycles Align
A Covid-19 vaccine, or lack thereof, will have zero effect in terms of reversing these cycles.…
Consumer Spending Will Not Rebound–Here’s Why
Any economy that concentrates its wealth and income in the top tier is a fragile economy.There…
Globalization and Financialization Are Dead, and so Is Everything That Depended on Them
Financialization was never sustainable, and neither was the destructive globalization it enabled.All the happy-story analogies to…
The Collapse of Main Street and Local Tax Revenues Cannot Be Reversed
The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.To…
What the Pandemic Revealed: a Morally Bankrupt Culture
Monopolies, quasi-monopolies and cartels are inherently exploitive and thus evil.What was "normal" for the past two…