The Corporate Media in the U.S. is a handmaiden to the Financial and Political Elites, issuing simulacra of “news” and “analysis” in service of the Status Quo.
If there is any America “industry” ripe for widespread discrediting, it is the U.S. Cor…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
You Can’t Fool Mother Nature For Long: Financial Markets
by Charles Hugh Smith • • 0 Comments
Constant State and Central Bank intervention and manipulation is not the foundation of a free, transparent market–it is perception management in service of Elite control and looting.
You can fool Mother Nature for awhile, but not over the long-te…
Charles Hugh Smith
A Useful Fiction: Everybody Loves a Melt-Up Stock Market
by Charles Hugh Smith • • 0 Comments
A sudden sharp decline in stocks may not thrill retail investors, but it would be catnip for big trading desks that used the melt-up rally to get short.
One of the more useful Wall Street fictions is the naive notion that big players and small-fry…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Dear U.S.A.: Your Account is Overdrawn
by Charles Hugh Smith • • 0 Comments
Dear U.S.A.–your overdraft protection is about to be pulled.
Dear United States of America: We regret to inform you that your withdrawals exceeded your deposits last year by $1,600,000,000,000 ($1.6 trillion), including your “supplemental ap…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Habituating to Contraction
by Charles Hugh Smith • • 0 Comments
The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
What We Can Learn From How Doctors Choose to Die
by Charles Hugh Smith • • 0 Comments
We can understand the systemic flaws in the U.S. “healthcare”/sickcare system by examining how doctors choose to die, which is quite different from the experience of their patients.
Explaining how the U.S. “healthcare” complex is actually a sickca…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
As Centralized Systems Devolve, The Solution Is Localism
by Charles Hugh Smith • • 0 Comments
Depending on Central State/central bank borrowing and spending to prop up the Status Quo is a doomed strategy.
I think the thread between these three seemingly disparate stories is clearly visible. I am indebted to longtime correspondent Joel…
Charles Hugh Smith
Why Bernanke has Failed, and Will Continue to Fail
by Charles Hugh Smith • • 0 Comments
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
By the Pricking of Equity’s Thumbs, Something Wicked This Way Comes
by Charles Hugh Smith • • 0 Comments
Sentiment is awfully complacent, and volatility is low. Smells like May 2011–or August 2008.
Equities look ripe indeed for an “unexpected” bloodletting and resultant wicked correction. The general outlines of a equity bubble awaiting a nice …
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Want to Put Iran Out of Business? Here’s How
by Charles Hugh Smith • • 0 Comments
If you want bloodless regime change in Iran, then do one thing: drop the price of oil to $25/barrel. Yes, it’s entirely possible.
Those attempting to pressure Iran by increasing “tensions” and thus the price of oil have it precisely backwards.&nbs…
