Charles Hugh Smith

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…

The Hipster Techie Mental Map – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. Washington D.C. is not even on the Hipster Techie mental map. We all have inner maps that assign awareness, priority and importance to geographic features. For those who work inside the Beltway, Washington D.C. dominates their mental map…

Is the Central State Too Big to Fail or Too Big to Survive? – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. We are currently in the relatively brief interim when systemic risk has apparently been eliminated by financial alchemy. This cannot last for purely ontological reasons. We can summarize the Central State/Banks’ “fix” to the 2008 global financial…

The Grand Tradeoff of Risk/Innovation/Growth and Financial Security – Charles Hugh Smith

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here. Reposted with permission. The very promise of permanent security dooms the economy to stagnation as complicity, avoidance of risk and passivity are incentivized. Focusing on econometric data to make sense of our economic ills blinds us to deeper dynamics, for example,…