Charles Hugh Smith

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
People receive food that is either too old or not looking nice enough for sale at the non-profit Dortmund food bank in the western German city of Dortmund

The Odds of a Global Food Crisis Are Rising

22/08/2016(0)
The vulnerability of global food production to extremes of weather is a profound reality that few grasp. Given the current abundance of food globally, confidence in permanent food surpluses ... Read More
globalisation

Globalization’s Few Winners and Many Losers

21/07/2016(0)
Quality, quality of life, and well-being are not easily quantified, so they are ignored. I often write about the Tyranny of Price, the rarely examined assumption that lower prices ... Read More
world_article_image

We’ve Entered an Era of Rising Instability and Uncertainty

19/07/2016(0)
And there you have our future, visible in the 13th, 16th and 18th century price-revolution waves which preceded ours. That we have entered an era of rising instability and ... Read More
Lifecycle of Financialization

Risk On/Risk Off: What Schizophrenic Markets Are Telling Us

11/07/2016(0)
These trends cannot be reversed with yet another rate cut or another “whatever it takes” announcement. In the conventional investment perspective, risk-on assets (i.e. investments with higher risks and ... Read More
USA and UK flags

Brexit, the E.U. and the “Special Relationship” of the U.S./U.K.

30/06/2016(0)
Any clique in the E.U. that thinks the U.S. will sit idly by while they “punish” the U.K. had better recalibrate their core interests and the potential for blowback. ... Read More
cryptocurrency

An Everyman’s Guide To Understanding Cryptocurrencies

13/06/2016(0)
Cryptocurrencies have a role that could increase as global currencies are devalued. When an asset rises by almost 30% in a few weeks, it tends to attract attention. Recently, ... Read More
Stock Market gap

Good News for Bulls: All Those Open Gaps Below Will Never Get Filled

08/06/2016(0)
By making the stock market the only game in town, the Powers That Be can no longer afford to let it decline for any reason. Market technicians have long ... Read More
unemployment_crisis

Flexible Labor Is the Future

02/06/2016(0)
Flexible labor is the future for the basic reason that it is the only viable model going forward. If we can’t go forward, then let’s go back: this is ... Read More
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