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Charles Hugh Smith

Of Two Minds

Contributor since: 29 Sep 2011

Charles Hugh Smith

Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, draws two million visits a year with unique analyses of global finance, stocks and political economy. He has written six novels and Weblogs & New Media: Marketing in Crisis and just released Survival+: Structuring Prosperity for Yourself and the Nation.

Latest articles from Charles

  • Unhinged: When Concrete Reality No Longer Matters to the Market (and What to Do About It)

    Published 17 May 2010 | viewed 8,260 times

    Something profound has happened, obscured by all the concerns about economic details and speculation about whether we are in a “deep recession” or a “depression,”…

  • An Update to the Oil "Head-Fake" Scenario

    Published 14 May 2010 | viewed 8,475 times

    With the world teetering on the edge of another global financial meltdown, it's a good time to revisit my May 2008 Oil "Head-Fake" Scenario. In…

  • Cheap Oil: The Engine of America

    Published 13 May 2010 | viewed 8,945 times

    The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound…

  • 4 Economic Predictions: What Remains when you Scrape Away the Hype

    Published 11 May 2010 | viewed 9,823 times

    Market fluctuations are mostly noise. To understand the trends beneath the surface noise, we need to establish an integrated context. The Mainstream Financial Media (MFM)…

  • Why the Euro Is Doomed

    Published 10 May 2010 | viewed 8,573 times

    Papering over the structural imbalances in the Eurozone with endless bailouts will not resolve the fundamental asymmetries. Beneath the endless announcements of Greece's "rescue" lie…

  • Oil, Greece & China – On a Collision Course with Reality

    Published 03 May 2010 | viewed 8,197 times

    A chart of exponential growth/depletion may be the "chart of the century." The chart displays two lines: the blue line traces out exponential growth (for…

  • Why the Stock Market and Oil are Rallying

    Published 30 April 2010 | viewed 5,032 times

    Below are two self-explanatory charts which shed light on the current rallies in the stock market and oil. The first is a long-term snapshot of…

  • Is Gasoline Set to Double in Price? Why do So Few People Seem to Care

    Published 25 April 2010 | viewed 6,407 times

    Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness…

  • The Predatory Partnership of Wall Street and the State

    Published 22 April 2010 | viewed 5,421 times

    The Central State and Financial Plutocracy are bound in a mutually beneficial, highly predatory partnership. The Mainstream Media is missing the Big Story in the…

  • Gaming the System - The Foundation of the U.S. Economy

    Published 19 April 2010 | viewed 6,532 times

    The status quo not just incentivizes gaming the system, it has made it the primary way to get ahead in today's economy. Gaming the system…

  • China's Towers and US McMansions: When Things Fall Apart (Literally)

    Published 13 April 2010 | viewed 8,779 times

    Shoddy construction throughout the world, but especially in China and the U.S., is a type of mal-investment, and it will have consequences. Everybody seems to…

  • Are Short Term Treasuries the Best Trade of the Next Five Years

    Published 11 April 2010 | viewed 7,245 times

    Despite the year-long equities rally and the euphoric mood of speculators and government officials, maybe the best trade of the next 5 years will be…

  • Are We Heading for a Decade of 1970s Style Stagflation?

    Published 06 April 2010 | viewed 8,859 times

    Four key factors in the 1970s were very different from present conditions, and that argues against 1970s-style stagflation as a model for 2010-2020. Sometimes history…

  • Is the U.S. Dollar the Contrarian Trade of the Decade

    Published 22 March 2010 | viewed 7,894 times

    The majority of economic observers seem convinced that the dollar is doomed, and not in some distant future. The basic reason for this unanimity is…

  • The Trouble With Bonds

    Published 19 March 2010 | viewed 6,862 times

    The U.S. deficit and the Treasury bonds which must be sold to fund it are beyond comprehension. The trouble with bonds (the U.S. Treasury variety,…

  • Google's Decision Highlights the Dangers of Doing Business in China

    Published 17 March 2010 | viewed 9,386 times

    The ramifications of Google's decision to leave China are deep: China's leadership, be careful what you wish for. I have been a student of China…

  • The Stock Market As Propaganda

    Published 16 March 2010 | viewed 9,420 times

    Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/…

  • Why the Euro Might Devolve into Euro1 and Euro2

    Published 02 March 2010 | viewed 9,728 times

    The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving…

  • Losing the Red Queen's Race

    Published 17 February 2010 | viewed 10,547 times

    The Red Queen's Race is an apt analogy for the meltdown in assets and debt now swamping the global economy. The a href="http://en.wikipedia.org/wiki/Red_Queen's_race">Red Queen's race…

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