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| Charles Hugh Smith explains the “Fourth Estate” that refers to the press and news media, both in explicit capacity of advocacy and implicit ability to frame political issues. |
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Please Don’t Pop Our Precious Bubble!
2021-09-09
It’s a peculiarity of the human psyche that it’s remarkably easy to be swept up in bubble mania and remarkably difficult to be swept up in the same way by the bubble’s inevitable collapse.
Why the Global Economy Is Unraveling
2021-08-17
Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to
the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market dynamics to sectors that were closed to global markets generates prosperity for all.
While the Herd Slumbers, Risk Is Rocketing Higher
2021-08-05
This wholesale transfer of risk from elites to the workers is finally becoming consequential as wealth / income / security inequality is reaching extremes that are destabilizing society and the economy.
The Sources of Rip-Your-Face-Off Inflation Few Dare Discuss
2021-06-09
Inflation will be transitory, blah-blah-blah–I beg to differ, for these reasons. There are numerous structural sources of inflation, which I define as prices rise while the quality and quantity of goods and services remain the same or diminish.
Increasingly Chaotic Volatility Ahead–The New Normal Few Think Possible
2021-05-31
The standard debate about the future of the economy is: which will we get, high inflation or a deflationary collapse of defaults and asset bubbles popping? The debate goes round and round in widening circles of complexity as analysts delve into every nuance of the debate.
What’s Yours Is Now Mine: America’s Era of Accelerating Expropriation
2021-04-28
The takeaway here is obvious: earn as little money as possible and invest your surplus labor in assets that can’t be expropriated. Expropriation: dispossessing the populace of property and property rights, via the legal and financial over-reach of monetary and political authorities.
If You Don’t See Any Risk, Ask Who Will “Buy the Dip” in a Freefall?
2021-04-20
Nobody thinks a euphoric rally could ever go bidless, but as Greenspan belatedly admitted, liquidity is not guaranteed. The current market melt-up is taken as nearly risk-free because the Fed has our back, i.e. the Federal Reserve will intervene long before any market decline does any damage.
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