CHARLES HUGH SMITH – At the Beginning of 2020, Major Structural Reset Begins

2020-07-26

Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal. The "Everything Bubble" has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, the hot money rotation has been a real merry-go-round as one asset and sector after another is ignited by a massive flood of money seeking a quick return.

2020-08-01

The self-sustaining recovery is a fantasy that’s evaporated.What looks like a powerful, can’t-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large positions can’t dump all their shares at once or the price of the stock would plummet due to the thinness of the bid.

2020-08-07

We have three basic ways to counter the destructive consequences of stress.We have all experienced the disorientation and "brain freeze" that stress triggers. The pandemic and the responses to the pandemic have been continuous sources of stress, i.e. chronic stress, which is the pathway to burnout, the collapse of our ability to cope with the burdens pressing on us.

2020-10-01

Rather than right the ship, the “easy fix” is to distribute “free money”–not just to billionaires and corporations but to everyone.

2020-10-30

What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.

2020-11-12

In such a highly polarized, politicized environment, is such a scrupulously objective study
even possible?

Now that we’ve had the happy-talk about Pfizer’s messenger-RNA (mRNA) vaccine (and
noted that Pfizer’s CEO sold the majority of his shares in the company immediately
after the happy-talk), let’s dig into messenger-RNA (mRNA) vaccines
which are fast approaching regulatory approval.
Some people have concluded vaccines are not safe, regardless of their source or mechanisms.
These people will never take any Covid vaccine.
Others will also decline a vaccine because they’ve concluded Covid is overblown.
Fair enough. But many other people conclude Covid is dangerous, partly because so little
is known about its long-term effects (Long-Covid, Long-Haulers). Covid’s low mortality

2020-11-19

The confidence that there will always be facilities and professionals to care for us is no longer realistic. I’ve covered the systemic problems of U.S. healthcare for over a decade, and as a result I’ve attracted numerous healthcare professionals as correspondents.

2021-01-04

One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all "solution" to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations.