How Much Do You Spend on Food?
By Charles Hugh Smith Maybe the question isn’t just “how much do you spend on food,” but “what value are you getting for what you…
By Charles Hugh Smith Maybe the question isn’t just “how much do you spend on food,” but “what value are you getting for what you…
By Charles Hugh Smith If things unravel, these risk-reduction strategies quickly shift from “nice to have” to “essential.” But by then, it will be too…
By Charles Hugh Smith Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated…
By Charles Hugh Smith Does anyone really believe that the renunciation of massive, sustained stimulus of speculation in housing would leave housing valuations unchanged because…
By Charles Hugh Smith Editor’s Note: This article is satire … possibly. In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand…
By Charles Hugh Smith This is how bubbles collapse: the “vital few” 4% sell at whatever the market will bear, pushing prices down, and the…
By Charles Hugh Smith The ideal “sound money system” is one in which many currencies, both state-issued and privately issued, compete in a transparent global…
By Charles Hugh Smith The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are easily observable, yet few act…
By Charles Hugh Smith But the status quo has much to unlearn, and it seems the only pathway to a new understanding is a Great…
By Charles Hugh Smith So what happens if AI destroys both profits (due to it being “free” and a freely distributed commodity) and jobs? Setting…
By Charles Hugh Smith If you prefer reality to artifice, oh, you wretched doom-and-gloomer. Just look at our social media feed, that’s what real. The…
By Charles Hugh Smith Just because nobody talks about financial serfdom doesn’t mean it’s not real. Ours is a neofeudal economy of financial serfs in…
By Charles Hugh Smith By this terminal stage, the competent have been driven out, quit or burned out. What happens with the competent retire, burn…
By Charles Hugh Smith So what’s changed? Everything, but mostly beneath the surface churn of circus and theater. 2023 is echoing 1973 in potentially consequential…