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AI Data Centers Are Not the Railroads of Today
The AI boom shares all the risk profiles of previous speculative manias but lacks society-wide benefits while generating fast-metastasizing negative…
37 mins ago
•
Charles Hugh Smith
7
2
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What Is Success? What Is Failure? Why It Matters
If we say success is completing the project we set out to complete, then success is within reach of everyone.
May 30
•
Charles Hugh Smith
18
1
2
Here's Why Consumer Sentiment Is at Record Lows
The truth few dare to recognize is there is no credible evidence that housing and having a family will return to being affordable for the majority in…
May 27
•
Charles Hugh Smith
11
1
1:44
Why Is Consumer Sentiment at Record Lows?
Consumer sentiment is at record lows because there is zero visibility on any real-world trends that would be positive for the bottom 90%. Vague promises…
May 27
•
Charles Hugh Smith
42
5
8
The Overstuffed Freezer Analogy
So we as a nation are waiting for the system to break down so we're forced to empty the overstuffed freezer and start over.
May 25
•
Charles Hugh Smith
41
13
8
Could Instability Trigger Radical Change In Your Life?
In the conventional telling, ours is a system of innovation, growth and opportunity. The reality is the opposite.
May 24
•
Charles Hugh Smith
13
2
2:17
What Would Trigger Radical Change In Your Life?
What would trigger radical change in our own life? A health crisis offers an analogy many of us have experienced.
May 23
•
Charles Hugh Smith
26
2
6
When Unfairness Is Systemic, the Consequences Are Resistance and Revolt
Systemic unfairness--what we now call a rigged casino--is accepted as long as the key social classes feel they're getting ahead.
May 20
•
Charles Hugh Smith
13
2
2:05
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