oftwominds-Charles Hugh Smith
Wednesday, March 11, 2026

Paging Nostradamus: You Have a Margin Call

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If conditions change beneath the surface, the folks behind the curtain will be powerless to do anything but make it worse. This just i...
Monday, March 09, 2026

Iran, En-Lai, Napoleon, Mike Tyson and Model Collapse

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Every model that is incapable of recognizing its own failure has already crossed the event horizon into model collapse. Let's start...
Friday, March 06, 2026

Perverse Incentives Have Created a Runaway Media Monster

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A Monster Id of self-reinforcing perverse incentives is gathering strength with every click, every data point collected and every unseen alg...
Tuesday, March 03, 2026

Things Change

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In periods of uncommon volatility, crises and transitions manifest in unexpected ways. Things change, sometimes tumultuously. The unev...
Sunday, March 01, 2026

The War

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That I don't have an analysis or insight to offer doesn't mean I don't care. It simply means there are limits on what we know, a...
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