Charles Hugh Smith

Burnout Nation

The economic and financial stresses will exceed the workforce’s carrying capacity in the next recession.A number of recent surveys reflect a widespread sense of financial stress and symptoms of poor health in America’s workers, particularly the younger…

The Erosion of Everyday Life

Working hard and doing what you’re told is no longer yielding the promised American Dream of security, agency and liberty.Volume One of Fernand Braudel’s oft-recommended (by me) trilogy Civilization & Capitalism, 15th to 18th Century is t…

This Is the End of the Cycle

Both new households and new businesses are in secular decline. Goosing the stock market and GDP doesn’t change this reality.Everyone wants every cycle of expansion to last forever, but alas every cycle ends. The growth cycle that began in 2009 is final…