One of the dirty little secrets of the stock market rally is that the rising corporate profits that … - Charles Hugh Smith

Same topic Authors

Quote of the day

For [Malcolm Subban] I know that he's the No. 1 ranked goalie in North America and the world right now, he's got a great opportunity. He's got to enjoy this whole process because it only comes once. Not that many players get the opportunity to walk up on that stage and get that jersey.

Charles Hugh Smith

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

Dirty, Secret, Rising, Devaluation, Services, Rally

Same Author Quotes

The notion that better engineering can solve all our problems is rooted in an ignorance of non-linear systems and selective
wishful thinking.

Engineering, Ignorance, Solve, Systems, Thinking

Once a citizen receives a direct payment from the state, the state has purchased their complicity

Citizens, States, Payment, Complicity, Purchased

Reality, unlike perception, cannot be changed by propaganda.

Reality, Perception, Propaganda, Changed

Humans are wired to feel uncomfortable with uncertainty and contingency, and so we gravitate to a position after a short time even if we have no new information.

Information, Uncomfortable, Feels, Contingency

The human mind has a superglue-like quality: Once a viewpoint has been plucked from the swirling chaos of beliefs and explanations, then the mind quickly solidifies that view, resisting any future modification.

Views, Mind, Quality, Solidifies, View