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…6h ago6h ago
Charles Hugh SmithSuccess Is a TrapIf success is a trap, isn’t that where we all want to be, trapped in success? Maybe not. In response to my recent essay for subscribers…2d ago12d ago1
Charles Hugh SmithWe’ve Left the Bottom 60% in the Dust, but Never Mind: S&P500 to 6000!It’s a toss-up which is wider: the widening gap between the top 10% and the bottom 60%, or the gap between the complacency of the top 10%…3d ago23d ago2
Charles Hugh SmithThe Social Recession Is AcceleratingA reader asked about the term social recession which he’d noted in my book Get a Job, Build a Real Career and Defy a Bewildering Economy…6d ago6d ago
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…Aug 21Aug 21
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…Aug 191Aug 191
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…Aug 16Aug 16
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