Charles Hugh Smith's Substack

Charles Hugh Smith's Substack

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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound

The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound

The rollercoaster ride is about to get "fun," as in unpredictable, volatile and unnerving for those normalized to extreme distortions "fixing" all things financial.

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Charles Hugh Smith
Jul 29, 2024
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound
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Humans have a knack for normalizing extremes. We quickly habituate to conditions that would have been intolerable before the extremes were normalized by habituation and recency bias. In no time at all, we've persuaded ourselves that living on reds, vitamin C and cocaine is not only normal, it's healthy.

For 15 years, extreme policies have steadily dragge…

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