Charles Hugh Smith

Good Banker, Bad Banker- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. It’s important to draw a line between two very different flavors of banker: “restrained” (Dr. Jekyll) and “unrestrained” (Mr. Hyde). Those who read The Proper Use of Credit (April 4, 2013) know that I see a vital role for…

The Real Cyprus Template (the one you’re not supposed to notice)- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The Real Cyprus Template reveals the core-periphery Neocolonial-Financialization Model in all its predatory glory. Much has been said about “the Cyprus Template” (the so-called bail-in, where deposits are expropriated to recapitalize the insolvent banks), but virtually nothing has been…

"The Carrot’s in Reach:" The Myth of a Self-Sustaining Recovery – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The carrot of self-sustaining recovery will remain out of reach, for the policies presented as the path to recovery preclude the “virtuous cycle” everyone desires. The enduring myth of the post-2008 era is that central-planning money printing…

The Proper Use of Credit – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Great fortunes are built on the proper use of credit. Improper use of credit leads to mal-investment and wealth destruction. We cannot understand our fundamental financial problems if we do not understand the proper use of credit. Credit…

The Crowded Trade: Buy-to-Rent Housing- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Demographically, it appears there is a generational glut of single-family suburban homes on the horizon. A trade is officially deemed “crowded” when everyone is rushing into the market with eyes only on the upside and little concern…

Bernanke Breaks Down: "This Whole Thing Is a Kleptocracy" – Charles H. Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. April 1, 2013 Our April Fool’s wish: someone in the inner circle of power would finally tell the truth. In an unprecedented abandonment of his carefully scripted responses to Congressional questions, Federal Reserve Chairman Ben Bernanke unleashed…

The Knowledge Economy’s Two Classes of Workers- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The knowledge economy has important implications for both workers and organizations. Setting aside that our economy is by and large organized to benefit a State-financial Elite and the technocrat Caste that serves them, let’s consider the two classes…

The Ten Best Employers To Work For – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The insecurity of self-employment can generate a far more resilient life and mindset. There are all sorts of “10 best companies to work for” lists, but I’ve assembled a slightly broader list: The Ten Best Employers To…

The Tailwinds Pushing the U.S. Dollar Higher – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. If we shed our fixation with the Fed and look at global supply and demand, we get a clearer understanding of the tailwinds driving the U.S. dollar higher. I know this is as welcome in many circles…