Charles Hugh SmithThe Anxiety EconomyThe disconnect between the happy story of the economy is growing healthily, so all is well and the insecurity and stagnation experienced by…2d ago2d ago
Charles Hugh SmithA Most Dangerous Assumption: Mining the Future to Spend More TodayHow prosperous would the world be if we hadn’t collectively borrowed and spent $315 trillion — — 333% of global GDP? We all know the…4d ago4d ago
Charles Hugh SmithThe Glue Binding Democracy and a Free Economy Has MeltedAn astute reader asked me to clarify the difference between individual sacrifice and shared sacrifice in the context of the Common Good…6d ago16d ago1
Charles Hugh SmithThe Crises and Sacrifices Yet to ComeThe sense that we’re approaching a tipping point into a crisis with no easy resolution is pervasive, a sense that beneath the veneer of…Jun 14Jun 14
Charles Hugh SmithHow Many Millennials Will Be Rich Enough to Buy the Boomers’ Millions of Unaffordable Bungalows?There’s a peculiarly flawed logic behind the widely held view that the Baby Boomers will seamlessly transfer tens of trillions of dollars…Jun 12Jun 12
Charles Hugh SmithFinancial Nihilism and the Collapsing American DreamAmerica has become a nation bifurcated into haves and have-nots, and this is generating large-scale, enduring economic, social and…Jun 11Jun 11
Charles Hugh SmithIf AI Is So Great, Prove It: Eliminate All Surveillance, Spam and RobocallingJudging by the near-infinite hype spewed about AI, its power is practically limitless: it’s going to do all our work better and cheaper…Jun 10Jun 10
Charles Hugh SmithOur Crisis of CompetenceThat America is mired in a crisis of competence appears to be yet another issue that can’t be addressed directly as it might upset the…Jun 10Jun 10
Charles Hugh SmithHaving Too Much Money Leads to CatastropheMoney being scarce saves us from many pernicious forms of mischief, and having too much money/credit leads to catastrophe. This is of…Jun 101Jun 101
Charles Hugh SmithBubble Symmetry: Could the NASDAQ Drop 60% and Round-Trip to 2,500?Speculative bubbles are interesting because they’re never bubbles in real time; they’re only recognized as bubbles after they’ve popped, as…Jun 2Jun 2