Of Two Minds


Bull or Bear? The Ultimate Source of Market Instability

March 23, 2023

Everyone wants a trend they can trade for effortless gains. That may no longer be realistic.


Welcome to the Era of Warring Elites

March 21, 2023

What the Warring Elites don’t want us to realize is that a system of transparent competition in which no fiefdom is allowed to become dominant best serves the interests of society at large.


We’ve Forgotten That Business-Cycle Recessions Are Essential

March 20, 2023

A stagnating zombie economy never recovers. Four decades of rising markets punctuated by crisis-induced crashes seems to have fostered an unspoken belief that no one should ever get hurt in markets or the economy.


Funny Things Happen on the Way to "Restoring Financial Stability"

March 16, 2023

We can also predict that the next round of instability will be more severe than the previous bout of instability. Everyone is in favor of “doing whatever it takes” to “restore financial stability” when the house of cards starts swaying, but funny things happen on the way to “Restoring Financial Stability.”


Banks, Banks, Banks: The Elephant Nobody Even Sees

March 14, 2023

Our faith in the wobbling world of hyper-financialization will soon be tested. It’s interesting, isn’t it, that amidst a tsunami of commentary about banks, nobody mentions the proverbial elephant in the room, which is the overwhelming dominance of finance in the economy and society, a dominance which raises the big question:


Chart of the Month: Any Questions?

March 11, 2023

The next Bull Market will start when everyone has given up on the stock market as the means to “get rich quick” or even “get rich slowly.” Here’s the chart of the month: a weekly chart of the S&P 500 (SPX) showing the giant wedge going back to January 2022 has broken decisively down.




Mark E. Jeftovic

Mark is the co-founder of easyDNS and the editor-in-chief of #AxisOfEasy. He is the author of Managing Mission Critical Domains & DNS (Packt UK, 2018) and Unassailable: Protect Yourself from Deplatform Attacks & Cancel Culture. 


Jesse Hirsh

Futurist, researcher and public speaker, Jesse Hirsh has been active in technology and commenting on it across the media for 25 years. His premium newsletter service operates from


Charles Hugh Smith

Charles Hugh Smith is the author of numerous books and writes from