Risk and Privilege
As systemic risks rise, what matters is the thickness of one's buffers against bad things happening.…
Author: Charles Hugh Smith
Welcome to the Stockyard of Unaffordability
The herd here in The Stockyard of Unaffordability isn't cheered much by the cost of a…
Why Credit Creates Bubbles That Break the Economy
The asymmetric scaling of credit has inflated The Everything Bubble that will burst with devastating consequences…
Why AI Malware (and Harmful Second Order Effects) Are Out of Control
Fixing all this doesn't scale. What scales is the spread of uncontrollably harmful consequences.
This Polycrisis Is Unique
When understood as a wave, the current Everything Bubble is not sustainable.
Paging Nostradamus: You Have a Margin Call
If conditions change beneath the surface, the folks behind the curtain will be powerless to do…