Charles Hugh Smith's Substack

Charles Hugh Smith's Substack

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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
Roaring 20s or Great Depression 2.0?

Roaring 20s or Great Depression 2.0?

The binary ahead is the result of a simple law of Nature: adapt or die.

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Charles Hugh Smith
Mar 13, 2025
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
Roaring 20s or Great Depression 2.0?
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Will we revel in a New Roaring 20s of exhilarating expansion, or will we suffer a Great Depression 2.0? Gordon Long and I explore this binary in our latest podcast.

Why is the next decade a binary of extremes rather than another period of "muddle through"? The short answer: Cycles. Take your pick: the Fourth Turning, the Kondratieff credit cycle, Peter T…

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