What Happens When the Competent Opt Out?
By this terminal stage, the competent have been driven out, quit or burned out. What happens…
Author: Charles Hugh Smith
A Nation of Junkies: The Empty Future of a Stimulus-Speculation Economy
Now that the US economy is totally dependent on trillions of dollars in stimulus and speculative…
Higher Unemployment Won’t Stop Wages from Rising
The net result of these dynamics is official unemployment can soar but employers will still be…
Sorry Our Demographic Karma Ran Over Your Economic Dogma
Your bogus economic dogma of "growth via the wealth effect" created the demographic karma that will…
Wages Going Up for Good: Catch-Up and Blowback
Blowback has its own dynamics, as we'll learn in the decade ahead. One of the most…
Are You Ready For a Real Recession?
In a real recession, what seemed safe and rock-solid melts into air. We haven't had a…