Charles Hugh Smith

The New Misery Index

The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.The classic Misery Index is the sum of unemployme…

Why the Fed Must Taper

The Fed is being forced to end its bond-buying, cutting off the “free money for financiers” that has sustained a frothy stock market.While the Federal Reserve presents itself as free to do whatever it pleases whenever it pleases, the reality is the Fed…