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Author: Charles Hugh Smith

Of Two Minds

A Decade of Headwinds

These headwinds will persist for the next decade or two.

Charles Hugh SmithApril 9, 2025April 10, 2025
Of Two Minds

The Financial Kessler Effect

Like orbiting space debris, every loan that has been collateralized by an illiquid asset is a…

Charles Hugh SmithApril 7, 2025April 10, 2025
Of Two Minds

After the Tariff Earthquake

The fires that have been ignited are not yet visible.

Charles Hugh SmithApril 4, 2025April 7, 2025
Of Two Minds

The Global Trade Game: Jokers Are Wild

There may be no winners of the game of Global Domination (tm), and that is likely…

Charles Hugh SmithApril 2, 2025April 3, 2025
Of Two Minds

Why the Global Recession Will be Deeper and Longer Than Pundits Anticipate

The global recession will be deeper and longer than those relying on models based on the…

Charles Hugh SmithMarch 31, 2025April 1, 2025
Of Two Minds

Ultra-Processed Life

Consuming more of this Ultra-Processed World is not a path to "the good life," it's a…

Charles Hugh SmithMarch 27, 2025March 28, 2025

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