Charles Hugh Smith – We can pretend an insanely over-leveraged, fragile status quo is rock-solid and will deliver the goodies regardless of anything short of an alien invasion or meteor-strike, but pretending will only take us so far.

I have the impression that changing the channels of “news“, “analysis” and “opinion” doesn’t modify the narrow band of what’s being offered. The bullish views are more or less all the same, and the occasional bearish counterpoint is equally bland. I keep changing channels but the program doesn’t vary. Continue reading →