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…23h ago23h ago
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…2d ago2d ago
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…6d ago6d ago
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
Charles Hugh SmithThe Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be UnwoundHumans have a knack for normalizing extremes. We quickly habituate to conditions that would have been intolerable before the extremes were…Jul 291Jul 291
Charles Hugh SmithThe Downside of Complacency: Illiquidity Evaporates Stocks and Real EstateWhen Alan Greenspan issued his mea culpa in late 2013 about missing the subprime mortgage implosion and the resulting Global Financial…Jul 26Jul 26