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Author: Charles Hugh Smith

Of Two Minds

What Goes Up Also Comes Down: The Heavy Hand of Bubble Symmetry

Should bubble symmetry play out in the S&P 500, we can anticipate a steep 45% drop…

Charles Hugh SmithJanuary 31, 2023February 1, 2023
Of Two Minds

Here’s How "Prosperity" Ends: Global Bubbles Are Popping

So here we are: the global credit-asset bubbles are popping, and the illusory "prosperity" generated by…

Charles Hugh SmithJanuary 29, 2023February 1, 2023
Of Two Minds

Heretical Thoughts on Orthodoxies

Heresy evolves, orthodoxy cannot. Plan accordingly. Orthodoxies offer the comforting illusion of solidarity. But in what…

Charles Hugh SmithJanuary 27, 2023January 27, 2023
Of Two Minds

The Race to the Bottom Accelerates

When competence, transparency and accountability are all punished, the Race to the Bottom accelerates. Race to…

Charles Hugh SmithJanuary 26, 2023January 26, 2023
Of Two Minds

You Want Truly "Sound Money"? A Thought Experiment

One of the great fictions about money is that it is neutral. It isn't. It's either…

Charles Hugh SmithJanuary 24, 2023January 26, 2023
Of Two Minds

The 1970s: From Rotting Carcasses Floating in the River to Kayak Races

If we don't bother measuring national well-being, the health of the nation's commons and resources and…

Charles Hugh SmithJanuary 22, 2023January 23, 2023

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