How Many Millennials Will Be Rich Enough to Buy the Boomers’ Millions of Unaffordable Bungalows?
Absent demand from tens of millions of wealthy, high-income buyers, asset valuations will fall as Boomers…
Author: Charles Hugh Smith
Financial Nihilism and the Collapsing American Dream
Following the conventional path is a deadend. It isn't easy to carve a path outside the…
If AI Is So Great, Prove It: Eliminate All Surveillance, Spam and Robocalling
AI is for the peons, access to humans is reserved for the wealthy.
Our Crisis of Competence
If this is what passes for competence while we cheerlead "the Roaring 20s", then our delusion…
Having Too Much Money Leads to Catastrophe
The best thing that could happen to America would be the destruction of its credit card…
Bubble Symmetry: Could the NASDAQ Drop 60% and Round-Trip to 2,500?
The prospect of a 60% or 80% decline in the NASDAQ index is only horrifying if…