Charles Hugh SmithHow Easy Is It To Become Middle Class Now?How easy is it to climb the social mobility ladder into the middle class? It’s a key question because the middle class is the ultimate…2d ago12d ago1
Charles Hugh SmithWhat’s Changed? What’s Different This Time?Causes generate effects. As noted in my previous post, if causal conditions have changed, the “guarantee” offered by statistics is empty…4d ago14d ago1
Charles Hugh SmithSo the Economy Now Depends on Stocks Which Depend on Front-Running the Fed — And This Is Fine?So the entire economy depends on the stock market going up as punters front-run the Fed — and this is not only fine, it’s optimal, the…6d ago16d ago1
Charles Hugh Smith2024, A Year of No SignificanceThat 2024 could be a year of no significance does not compute given that what’s being touted as the most important election in American…Sep 172Sep 172
Charles Hugh SmithWhat’s “Free” About “Free Speech”?Free speech is getting a lot of attention these days, so let’s consider what’s actually “free” about it and what’s not “free.” The general…Sep 12Sep 12
Charles Hugh SmithDoes Anyone Else Smell a Market Crash in the Air?Just as thunderstorms scent the air before their arrival, market crashes often announce themselves in the autumn zephyrs. Markets don’t…Sep 8Sep 8
Charles Hugh SmithIs the “Everything Bubble” About to Pop?Is the “Everything Bubble” about to pop? Let’s start with what we’re told: there is no bubble, all the assets soaring to unprecedented…Sep 52Sep 52
Charles Hugh SmithWhat If All the Conventional Models Fail to Predict What Happens Next?A truly staggering quantity of content is aimed at predicting what happens next, a.k.a. the future, and justifies their prediction by…Sep 25Sep 25
Charles Hugh SmithThe La-La-Land Fairy Tale of a “Soft Landing”The reason why a “soft landing” is a fairy tale straight out of La-La-Land is all bubbles pop, and a “soft landing” is based on bubbles…Aug 29Aug 29