A Hard Rain Is Going To Fall Authored by Charles Hugh Smith via OfTwoMinds blog, The core skill going forward – frugality – is largely a forgotten skillset. Time to get busy while we still have time. There are core systemic dynamics that are impervious to technological or financial gimmicks, and as they play out, a hard rain is going to fall: 1) The credit-business cycle. The credit-business cycle has been pushed forward for the past 15 years, and arguably for the past 24 years. The last “real recession”–the organic contraction of credit and risk-taking that drains the excesses from the… — Continue at ZeroHedge News : Read More
