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Author: Charles Hugh Smith

Of Two Minds

2023: The Fed Declares Victory; 2024: The Year of Hubris and Nemesis

Are the crowds ready for the curtain of Fed omnipotence to be pulled aside? What will…

Charles Hugh SmithJanuary 1, 2024January 3, 2024
Of Two Minds

Rome Was Eternal, Until It Wasn’t: Imperial Analogs of Decay

The tricky part is distinguishing the critical dependencies--those resources the empire literally cannot do without--from longer-term…

Charles Hugh SmithDecember 29, 2023January 3, 2024
Of Two Minds

What If There Are No Analogs for 2024?

Maybe we'll get 1893, 1929, 1968 and 2008 analogs mixed into a heady cocktail of surprises.

Charles Hugh SmithDecember 26, 2023December 28, 2023
Of Two Minds

Everyone Loves a Generous Government Until They Have to Pay For It

Not only does everyone love getting "free money" from the state, they also love hearing the…

Charles Hugh SmithDecember 22, 2023December 28, 2023
Of Two Minds

The Fed’s Empire of Speculation and the Echoes of 1929

Speculation has its own expiration dynamics, and they don't depend on us recognizing speculative excess for…

Charles Hugh SmithDecember 19, 2023December 20, 2023
Of Two Minds

Could America Have a French-Style Revolution?

Combine all these factors and the result is a potentially volatile mixture awaiting a catalyst.

Charles Hugh SmithDecember 10, 2023December 11, 2023

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