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…5 min read·18 hours ago----
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…5 min read·2 days ago----
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…5 min read·3 days ago----
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…3 min read·4 days ago----
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…3 min read·4 days ago----
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…3 min read·4 days ago--1--1
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…5 min read·Jun 2, 2024----
Charles Hugh SmithThe $150,000 Housekeeper: Wage Inflation Kicks Into Second GearOne of the lesser known manifestations of the inflationary crisis in early-1920s Germany was rampant wage inflation. Bourgeois burghers…4 min read·Jun 2, 2024----
Charles Hugh SmithIs Hyper-Inflation that Destroys a Currency a “Solution”?This contrarian sees a strong consensus around the notion that hyper-inflation is the inevitable end-game of nation-states / central banks…6 min read·May 31, 2024----
Charles Hugh SmithWould Returning to the Gold Standard Resolve Our Most Pressing Monetary Problems?Money in all its forms attracts quasi-religious beliefs and convictions. This makes it difficult to discuss with anything resembling…6 min read·May 31, 2024----