Charles Hugh Smith

Degrowth, Anti-Consumerism and Peak Consumption- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Degrowth embraces the ongoing devolution of paid work and wealth that cannot be reversed. The anti-consumerism Degrowth movement is gaining visibility and adherents in Europe. Degrowth (French: décroissance, Spanish: decrecimiento, Italian: decrescita) recognizes that the mindless expansion of mindless consumption fueled by credit…

The Widening Chasm – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. An independent, critical account of the American economy would soon raise questions about the structural causes of inequality. That some sectors of the economy will be doing better than others is natural. If you’re a landlord or mobile-apps…

Bernanke’s Neofeudal Rentier Economy – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The Fed has directly created a neofeudal rentier economy and society. Federal Reserve Chairman Bernanke is a Reverse Robin Hood, robbing from the lower 95% and giving to the financier class. The Real Reverse Robin Hood: Ben Bernanke…

What Is Obvious About This Market? – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. What is “obvious” to those embedded in the conventional, MSM/state-manufactured worldview is not the same as what is obvious to those outside the asylum. Longtime readers know my analytic perspective is based on what psychiatrist/author R.D. Laing…

College Grads: It’s a Different Economy – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The economy has changed in structural ways; preparing for the old economy is a sure path to disappointment. Millions of young people will be graduating from college over the next four years, and unfortunately, they will be…

The Mobile Gold Rush – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Here’s the basic mobile gold rush model: poach advert spending in a stagnant economy. The mobile gold rush of Web 2.0 continues to attract thousands of techie fortune seekers to San Francisco. It’s an old story, and a…

Bubble Symmetry and Housing – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. If bubbles eventually revert to their starting level, Phase 3–capitulation and a return to pre-bubble prices–still lies ahead for the housing market. Way back in 2006 at the height of the housing bubble, I prepared this chart…

Wall Street Is a Rentier Rip-Off: Index Funds Beat 99.6% of Managers Over Ten Years – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The entire financial management industry is a profit-skimming rentier arrangement. It may seem uncharitable to note that only .4%–that’s 4/10th of 1%–of mutual fund managers outperform a plain-vanilla S&P 500 index fund over 10 years, but that…

What’s Been Cooking at Our House – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. A healthy homecooked family meal and a home garden are revolutionary acts. Longtime readers know that my political, financial and spiritual philosophy starts here: “A healthy homecooked family meal and a home garden are revolutionary acts.” If this…

China 2.0 Is in Trouble – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Despite the many differences between China and the U.S., their basic problems are remarkably similiar: an economy that increasingly serves a tiny Elite, and a political/financial system that is incapable of meaningful reform. Setting aside the latest…