Commentary

What Killed the Middle Class?

March 24, 2016 0

CHARLES HUGH SMITH If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for […]

Wealth Abuse

An Escalating War On the Use of Cash

February 26, 2016 0

By John Browne On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the […]

Financial

When Currency Pegs Break, Global Dominoes Fall

February 25, 2016 0

CHARLES HUGH SMITH When a currency peg breaks, it unleashes shock waves of uncertainty and repricing that hit the global financial system like a tsunami. The U.S. dollar has risen by more than 35% against […]

Wealth Abuse

Financial Time Bombs Hiding In Plain Sight

February 23, 2016 0

by David Stockman The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of course, will once again—for the third time this century——be utterly shocked and unprepared. That’s because […]

Media

2016: The Year Wishful Thinking Fails

February 16, 2016 0

February 16, 2016 If we collectively choose wishful thinking, catastrophic consequences are guaranteed. Wishful thinking has been an integral driver of the “recovery” 2009-2015: asset bubbles aren’t bubbles, central bank policies are brilliantly successful, unemployment […]

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