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
Jarvis mak·Jan 23Where Are Risk-Free Arbitrage Opportunities Hiding?The article argues that the essence of “risk-free arbitrage” lies in cognitive gaps (the “brain”).
Charles Hugh Smith·Nov 25, 2025The Middle Class Is CrackingThe middle class is cracking, but if you want a statistic that “proves” this, there isn’t one. The cracking isn’t a statistic, it’s the…A response icon3
Charles Hugh Smith·Oct 23, 2025ZIRP or ZAP? Will the Fed’s ‘Zero-Interest Rate Policy’ Return, and Will It Work?Correspondent Scott suggested I consider the possibility that the powers that be will respond to a weakening of the economy by pushing…A response icon1
Charles Hugh Smith·Oct 1, 2025Will AI Crash the Economy?As we all know, the problem with euphoria is the inevitable collision with reality and the resulting disillusionment. But wait — it gets…A response icon2
