Charles Hugh Smith·Mar 20Welcome to the Stockyard of UnaffordabilityWelcome to the herd jammed into The Stockyard of Unaffordability, where prices keep rising and it gets more crowded as those who reckoned…A response icon2A response icon2
Charles Hugh Smith·Mar 18Why Credit Creates Bubbles That Break the EconomyWhen credit scales faster than it can be absorbed by productive investments, the resulting credit-asset bubbles break the economy. This is…A response icon1A response icon1
Charles Hugh Smith·Mar 16Why AI Malware (and Harmful Second Order Effects) Are Out of ControlWhen something scales faster than it can be absorbed or controlled, the resulting extremes break the system. That’s the problem of…A response icon1A response icon1
