Charles Hugh Smith

When everyone finally leaves the La-La-Land casino and abandons the fairy tale, household wealth held in stocks is a fraction of what it was in the heady days of hot hands rotating into the next hot...

So here we are, with a handful of winners declaring the system is working great and high-fiving each other, too busy congratulating themselves to see the tsunami of karma racing toward shore. It's a...

This time around, the Fed may not be able to "save" the bubble from a complete round-trip deflation, which history suggests might decline by 50%. Let's start by stipulating that my interest in...

We've all heard of Disaster Capitalism: the Powers That Be either initiate or amplify a crisis as a means of granting themselves "emergency powers" which just so happen to further concentrate the...

Perhaps the most apt metaphor to describe the decade ahead is that investors, consumers and taxpayers will all be rafting whitewater rapids with ever-briefer stretches of calm....

That America is mired in a crisis of competence appears to be yet another issue that can't be addressed directly as it might upset the narrative control that all is well and everything is getting...

The prospect of a 60% or 80% decline in the NASDAQ index is only horrifying if we stay invested in the index all the way down. Speculative bubbles are interesting because they're never bubbles in...