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Author: Charles Hugh Smith

Of Two Minds

It’s Mourning in America

Now that America has been transformed from a high-trust social order into a low-trust social order,…

Charles Hugh SmithJuly 21, 2023July 24, 2023
Of Two Minds

Lessons from The Great Depression

The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are…

Charles Hugh SmithJuly 19, 2023July 20, 2023
Of Two Minds

The Two Causes of the Coming Great Depression

But the status quo has much to unlearn, and it seems the only pathway to a…

Charles Hugh SmithJuly 17, 2023July 17, 2023
Of Two Minds

The Coming Crisis of Cities: Reinvention or Bankruptcy

Those who got out early (i.e. now) will be glad they acted promptly and those caught…

Charles Hugh SmithJuly 14, 2023July 17, 2023
Of Two Minds

Without Inflation, the Status Quo Collapses; With Hot Inflation, It Also Collapses

Eventually policy-makers turn the dials to 11 and nothing happens. Many others have explained why inflation…

Charles Hugh SmithJuly 11, 2023July 13, 2023
Of Two Minds

Will AI Deliver the Worst of Both Worlds?

So what happens if AI destroys both profits (due to it being "free" and a freely…

Charles Hugh SmithJuly 10, 2023July 11, 2023

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