Charles Hugh Smith's Substack

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Precarity and the Point of No Return

Or maybe it's just me, and all is well. Time will tell.

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Charles Hugh Smith
Sep 11, 2025
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I often wonder if others feel the precarity of this era, or is it just me? It's hard to tell, as economic statistics don't measure precarity, they mostly measure averages and aggregates, all of which are glowing: GDP and profits up, unemployment low, and so on.

If precarity makes the news, it's the financial precarity experienced by many American househo…

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