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Charles Hugh Smith

Demographic Cliff + Let It Rot = Collapse of Global Growth

Posted by on Tuesday, November 22nd, 2022 in Of Two Minds

As workforces shrink and opting out becomes increasingly attractive, Global Growth implodes on both the production and consumption...

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There’s No Bottom Until Frenzied Speculation Turns to Dust

Posted by on Sunday, November 20th, 2022 in Of Two Minds

Only when speculative sizzle attracts no buyers / marks will the bottom be in. There hasn't been a truly organic bottom in stocks...

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FTX: The Dominoes of Financial Fraud Have Yet to Fall

Posted by on Wednesday, November 16th, 2022 in Of Two Minds

Once assets are revealed as worth far less than claimed, insolvency is the inevitable result. If you haven't plowed through dozens...

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Where Crypto Went Wrong

Posted by on Monday, November 14th, 2022 in Of Two Minds

You want to fix the world with finance? Then fix this: wages' share of a financialized, globalized, speculative-bubble dependent e...

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Asymmetries, Distortions and Denial

Posted by on Sunday, November 13th, 2022 in Of Two Minds

When bubbles pop, it's natural selection at its most unforgiving: "adapt or die," and those who ignore or discount consequential a...

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I Used To Be Disgusted, Now I’m Disabused

Posted by on Friday, November 11th, 2022 in Of Two Minds

It's certainly possible to be disgusted, but being disabused of the fantasy that the system is self-correcting is the healthier pe...

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