Migration of the Tax Donkeys
By Charles Hugh Smith Dear local leadership: here’s the formula for long-term success. A Great Migration of the Tax Donkeys is underway, still very much…
Charles Hugh Smith
This Chart Defines the 21st Century Economy
By Charles Hugh Smith There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play…
You Can Only Choose One: Cheap Oil or a Weak Dollar
By Charles Hugh Smith When the price of oil rises to the point of pain, just remember the handy-dandy discount mechanism: a much stronger US…
The Demise of the Dollar: Don’t Hold Your Breath
By Charles Hugh Smith The demise of the U.S. dollar has been a staple of the financial media for decades. The latest buzzword making the rounds…
Financialization and The Destruction of the Real Economy
By Charles Hugh Smith Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward…
Are Facebook and Google the New Colonial Powers?
By Charles Hugh Smith To qualify as colonial powers, Facebook and Google must effectively limit the choices and power of users, and punish or coerce…
Housing Bubble Symmetry: Look Out Below
By Charles Hugh Smith Housing markets are one itsy-bitsy recession away from a collapse in domestic and foreign demand by marginal buyers. There are two…
The Trouble with Asset Bubbles: If You Stop Pumping, They Pop
By Charles Hugh Smith The idea that authorities can massage their pumping to keep asset bubbles inflated at a permanently high plateau is currently being…
The 5 Steps to World Domination
By Charles Hugh Smith You don’t need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that…
Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way
By Charles Hugh Smith Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and…
Did the Economy Just Stumble Off a Cliff?
By Charles Hugh Smith The signs are everywhere for those willing to look: something has changed beneath the surface of complacent faith in permanent growth….