Author Archives: Charles Hugh Smith

Labor Day Reflections on Retirement and Working

Let’s start by stipulating that if I’d taken a gummit job right out of college, I could have retired 19 years ago. Instead, I’ve been self-employed for most of the 49 years I’ve been working, and I’m still grinding it out … Continue reading

Posted in General | Tagged , , | Leave a comment

Dear Trump Advisors: Prop the Market Up Now and Lose in 2020, or Let the Market Crash and Win in 2020

One of the more reliable truisms is that Americans vote their pocketbook: if their wallets are being thinned (by recession, stock market declines, high inflation/stagnant wages, etc.), they throw the incumbent out, even if they loved him the previous year when their … Continue reading

Posted in General | Tagged , , | Leave a comment

The Fantasy of Central Bank “Growth” Is Finally Imploding

It was such a wonderful fantasy: just give a handful of bankers, financiers and corporations trillions of dollars at near-zero rates of interest, and this flood of credit and cash into the apex of the wealth-power pyramid would magically generate a … Continue reading

Posted in General | Tagged | Leave a comment

Is the U.S. Becoming a Third World Nation?

Back in the day, nations that didn’t qualify as either developed (First World) or developing (Second World) were by default Third World, impoverished, corrupt and what we now refer to as failed states–governments that were incapable of improving the lives of their people and the machinery … Continue reading

Posted in General | Tagged , , | Leave a comment

A Wobbling Stock Market

Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), the blue boxes (volatile spots of bother) … Continue reading

Posted in General | Tagged , | Leave a comment