What If the Whole Shebang Unravels?
Nobody seems to be wondering what happens should the real world no longer respond to the…
Author: Charles Hugh Smith
America’s Social Contract Is Broken
The Social Contract is broken not just by wealth inequality per se but by the illegitimate…
Extremes Get More Extreme, But Everything’s Fine
Extremes keep getting more extreme, but for those at the top of the heap, it's all…
Over the Falls: Credit, Collateral, Risk, Asset Valuations
Together, these factors generate a self-reinforcing cycle of debt saturation, declining collateral and credit contraction.
The Housing Bubble: Owners Trapped by Low-Rate Mortgages, Buyers Thwarted by High-Rate Mortgages
Who's left to buy overvalued houses? Too few to prop up bubble valuations. If as many…
This Housing Bubble Is Different: It’s Much More Precarious
And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining…