Charles Hugh Smith

bull market

This is the longest Bull Market since the great pyramid boom of 2580 B.C.

30/08/2018(0)
  As you have undoubtedly heard, the current Bull Market in U.S. stocks (S&P 500) is the longest in recent history–though some historians claim that Rome’s SPQR Index rose ... Read More
world-euro-notes

Make Capital Cheap and Labor Costly, and Guess What Happens?

12/07/2018(0)
  Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global ... Read More
stocks

Stock Market 2018: The Tao vs. Central Banks

07/12/2017(0)
  The central banks claim omnipotent financial powers, and their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the ... Read More
bitcoins

My Crazy $17,000 Target for Bitcoin Is Looking Less Crazy

28/11/2017(0)
  The basis of this admittedly crazy forecast was simple: capital flows. I think we can all agree that bitcoin (BTC) is “interesting.” One of the primary reason that ... Read More
Global-Recession

Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way

29/08/2017(0)
  Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent. Business-cycle recessions are not just inevitable, ... Read More
Bitcoin

Projecting the Price of Bitcoin

07/06/2017(0)
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the ... Read More
bitcoin

The Path to $10,000 Bitcoin

16/01/2017(0)
So let’s imagine a scenario in which tens of trillions of at-risk wealth suddenly seek an alternative–any alternative to staying in an asset class that’s circling the drain. As ... Read More
real estate img

When Assets (Such as Real Estate) Become Liabilities

29/12/2016(0)
It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets ... Read More
median-household-income

Fun with Fake Statistics: The 5% “Increase” in Median Household Income Is Pure Illusion

20/09/2016(0)
The truth is the rich are getting richer and everyone else is losing ground as inflation chews through stagnant incomes. Supporters of the status quo nearly wet their pants ... Read More
Olympics

What Are the Odds that the 2020-2022 Olympics Will Be Cancelled?

25/08/2016(0)
It’s tough to pay for an Olympics when 95% of your supposed “wealth” has vanished. In the modern era (1896-present), the Olympics have only been cancelled in wartime: 1916 ... Read More
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