Author: Charles Hugh Smith

When we lose small businesses, we lose More than tax revenues. Small businesses receive plenty of…

Nobody seems to be wondering what happens should the real world no longer respond to the…

The Social Contract is broken not just by wealth inequality per se but by the illegitimate…

Extremes keep getting more extreme, but for those at the top of the heap, it's all…

Together, these factors generate a self-reinforcing cycle of debt saturation, declining collateral and credit contraction.

Who's left to buy overvalued houses? Too few to prop up bubble valuations. If as many…