Charles Hugh Smith
Charles Hugh Smith Articles
The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand.
Despite Newton's tremendous intelligence and experience, he fell victim to the bubble along with the vast herd of credulous greedy punters.
Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we've been swamped with charts...
The driving trends of the past decade are now reversing. The saying "the worm has turned" refers to the moment when the downtrodden have finally had enough, and turn on their powerful oppressors.
Why are governments suddenly acting as if cash money is a bad thing that must be severely limited or eliminated?
