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 icon2A 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 icon2A 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 icon3A 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 icon1A 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 icon4A response icon4
Charles Hugh Smith·Sep 23, 2025Money, Credit, Growth and Depression: It’s ComplicatedMany people anticipate the demise of fiat currencies, for good reasons. This is the motivation for calls to return to the gold standard —…A response icon3A response icon3
Charles Hugh Smith·May 23, 2025Ours Is a System of Fraud, Swindles and CorruptionEvery society / economy is a distribution mechanism that distributes:A response icon6A response icon6
Charles Hugh Smith·May 20, 2025Boomers, Let’s Face It: The Math Doesn’t WorkThere are many consequential things we can’t discuss factually because the topic upsets everyone. And since getting upset shuts down any…A response icon3A response icon3
Charles Hugh Smith·Apr 9, 2025A Decade of HeadwindsThe stock market is rallying hard after a brutal sell-off — not an uncommon occurrence. As we savor our winnings in the ship’s first-class…A response icon2A response icon2
Charles Hugh Smith·Jan 20, 2025Extremes Become More Extreme, Then Revert to the MeanA funny thing happens as policies intended to fill financial potholes transition from “temporary emergency measures” to “we need to keep…A response icon2A response icon2
