Charles Hugh SmithWho Wins and Who Loses When the Housing Bubble Pops?Let’s start by stipulating that my interest in housing bubbles is purely abstract. I’m not rooting for any set of participants or betting…7h ago7h ago
Charles Hugh SmithYou Say You Want a RevolutionIn The Super-Wealthy Have a Problem, I discussed how systemic unfairness can reach a pressure point in which regime change is the only…2d ago12d ago1
Charles Hugh SmithThe Super-Wealthy Have a ProblemThe cultural consensus holds that the super-wealthy always manage to come out ahead in any spot of bother. Due to their grip on the levers…5d ago5d ago
Charles Hugh SmithIt Became Necessary to Destroy the Global Economy to Save ItYou’ve no doubt heard “We had to destroy the village in order to save it.” The original quote noted by reporter Peter Arnett in 1968 was…Aug 141Aug 141
Charles Hugh SmithThese Six Drivers Are Gone, and That’s Why the Global Economy Is ToastThe six one-offs that drove growth and pulled the global economy out of bubble-bust recessions for the past 30 years have all reversed or…Aug 12Aug 12
Charles Hugh SmithThere’s Just One Problem: AI Isn’t Intelligent, and That’s a Systemic RiskThe mythology of Technology has a special altar for AI, artificial intelligence, which is reverently worshiped as the source of astonishing…Aug 8Aug 8
Charles Hugh SmithThe Anti-ConsumersWho are the biggest chumps in today’s economy? One set of contenders is the corporations and marketers buying social media and search data…Aug 6Aug 6
Charles Hugh SmithThe Upside of Adversity: a master class with Marcus Aurelius, Kierkegaard and Lao Tzu.We all know the downside of adversity: it’s tiresome, and if it pushes us up against our limits long enough, it can break us.Aug 5Aug 5
Charles Hugh SmithWe All Need a Little Magic in Our LivesSwitching gears from dreary financial topics, to say that we all could use a little Magick in our lives is to open the door to quite a few…Aug 2Aug 2
Charles Hugh SmithThe Great Unwinding: Is There Any Way to Come Out Ahead?In response to my chart-fest post The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound, readers asked: OK, so what…Jul 31Jul 31