Charles Hugh Smith·Aug 12While We Focused on Fripperies, the Foundations Have Rotted AwayFor your consideration, four charts that tell a single story: while those Americans who have benefited so immensely from the Everything…A response icon2
Charles Hugh Smith·Jul 20The Conflicts Brewing in America’s Ten ClassesCorrespondent Manoj S. recommended an essay from the always-insightful John Michael Greer on the dissolution of unproductive classes behind…A response icon2
Charles Hugh Smith·Jun 4Choose One: Housing Is Shelter, or Housing Is Just Another Asset in a Bubble EconomyThis will get massive pushback because it’s true: either Housing Is Shelter, or Housing Is Just Another Asset in a Bubble Economy — it…A response icon3
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 icon1
Charles Hugh Smith·Feb 10A Market Crash and Recession Are Bullish, Not BearishOne of the most peculiar hyper-normalized hallucinations about “Capitalism” is that markets and the economy “should always go up” and if…A response icon4
