This Housing Bubble Is Different: It’s Much More Precarious
By Charles Hugh Smith And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point…
By Charles Hugh Smith And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point…
By Charles Hugh Smith The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial…
By Charles Hugh Smith It shouldn’t surprise us if 2023 turns out to be atypical and disruptively transformational in ways few believe possible. It seems…
By Charles Hugh Smith The clueless technocrats are about to discover that unfairness and exploitation can’t be measured like revenues and profits, but that doesn’t…
By Charles Hugh Smith Few seem alive to the potentially consequential financial risks arising from uncertainties evolving in China. One thing we know rather definitively…
By Charles Hugh Smith The unraveling of hyper-Globalization and hyper-Financialization will generate consequences few conventional analysts and pundits anticipate. TikTok videos on ‘Quiet Quitting’–doing the…
By Charles Hugh Smith Looks like we need another $500 billion or so. Hum baby! Predictions are hard, especially about the future, but two predictions…
By Charles Hugh Smith We can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse). When the fundamentals of life change, every…
By Charles Hugh Smith Global food production rests on soil and rain. Robots don’t change that. Of all the modern-day miracles, the least appreciated is…
By Charles Hugh Smith All of these are structural dynamics that won’t go away in a few months or years. Let’s explore what’s different now…
By Charles Hugh Smith The EU’s crisis isn’t limited to energy. It is a manifestation of the global breakdown of Neocolonialism, Financialization and Globalization. The…
By Charles Hugh Smith Any city whose lifeblood ultimately depends on hyper-globalization and hyper-financialization will no longer be viable. The human migration from the countryside…
By Charles Hugh Smith A strong currency exports inflation to those nations which do not issue the currency. Though it’s difficult to be confident of…
Op-Ed by Charles Hugh Smith When the state / empire loses the ability to recognize and solve core problems of security and fairness, it will…