“Can an economy that has become dependent on lies, misrepresentation, ‘fudging’ of numbers, fraud, embezzlement and a multitude of skimming and scamming operations escape the moral and financial black hole it has created ? The self-evident answer is ‘no’.”

— Charles Hugh Smith, 28 August 2012, as quoted in [...]


Dear Econophile: Advice For the Economic-lorn

I get a number of e-mails from readers seeking advice, usually investment advice. I politely advise them that I do not give investment advice. Last year I received messages of a theme that can be described as folks who felt The Great Collapse was happening. Armageddon and that type of thing.

Here is some correspondence [...]