Charles Hugh Smith

Why Reform Won’t Work- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Regardless of the need for reform, it isn’t going to happen for these structural reasons. The list of public/private institutions that desperately need structural reform is long: the Pentagon, healthcare (a.k.a. sickcare), Social Security, the complex mish-mash of…

The Hidden Death of the Ownership Society- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The foundation of the neofeudal economy is this: the right of ownership still exists in name, but the actual ownership of political and financial power is concentrated in the hands of a few. The core of American…

Is the Global Recovery Self-Sustaining? Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. To claim a “recovery” based on unlimited Central State borrowing and spending and central bank manipulation of asset valuations is self-sustaining is beyond absurd. The mainstream media (MSM) is overflowing with stories proclaiming the global economy is…

The Echo Boom in Housing-Recovery Stocks- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Is housing in an echo boom? Though the jury is still out, it seems a risk-on speculative fever has returned to some housing-related equities. Speculative bubbles often produce an “echo boom” a few years after the bubble…

Crisis and Opportunity – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. That which is unsustainable will pass away and be replaced with a more sustainable arrangement. That is the crisis and the opportunity. “Never let a crisis go to waste” need not be the exclusive agenda of the…

Why We Cannot Print/Borrow/Spend Our Way to Prosperity- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Ballooning government deficit spending and debt has a negative effect on private GDP, money supply, money velocity and wages. I have often explained why the Keynesian belief that the government can print/ borrow and spend enough money…

America’s Four Socioeconomic Classes – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. A titanic political battle is brewing between the parasitic aristocracy, the dependent class and the two classes creating value with their labor. In the conventional view, America’s socioeconomic classes are divided by income and wealth into various…

Why Employment in the U.S. Isn’t Coming Back- Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. If we understand the simple dynamics of value creation, total compensation costs and the cost-basis of doing business (general overhead), then we understand why employment isn’t coming back in the U.S. It is impossible to understand job…

Why Employment Is Dead in the Water – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising. Let’s start by reviewing the basics of employment in the U.S. Courtesy of…

The Global Economic Disease in 8 Points and the Cure in 4 Points – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. A mere dozen points describe both the global financial illness and the cure. The global economy is ill, and everyone who is not mired in denial or a paid shill knows it. Saying it’s healthy doesn’t make it…