Author: Charles Hugh Smith

The “New Normal” Is De-Normalization

The “New Normal” Is De-Normalization by Charles Hugh Smith for Of Two Minds Here’s what denormalization means: there was no “New Normal” for the dinosaurs. Everyone talks about the “New Normal,” as if there’s a guarantee that life will return...

The Economy Is Mortally Wounded

  The Economy Is Mortally Wounded by Charles Hugh Smith for Of Two Minds A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the...

The Unraveling Will Accelerate

The Unraveling Will Accelerate by CHARLES HUGH SMITH for Daily Reckoning Since the first news of pandemic in late January, I’ve been discussing potential accelerants to the unraveling of our fragile financial system. The system appears stable until a catalyst pushes...

TikTok and our Last-Ditch Desperation for Social Mobility

TikTok and our Last-Ditch Desperation for Social Mobility by Charles Hugh Smith for Of Two Minds Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy. I’ve often addressed the...