Author: Charles Hugh Smith

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…

And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining…

Be careful what you wish for, because currencies are not abstractions we ponder, they are commodities…

Yes, I'm rattling the begging bowl. Beneath the veneer of normalcy, things are no longer working…