In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Nearly Every Market Is At A Record Bubble High
- But 95% of the population is living under recessionary conditions
- What Can Investors Rotate Into For Value/Safety?
- There are a few asset classes that make sense
- The High Cost Of Pursuing Continued Economic Growth
- We're destroying essential components of the ecosphere
- Money And Work Unchained
- Charles lays out the key insights of his new book
Chris and Charles begin with a romp through the near-endless list of asset classes that have risen to nose-bleed overvaluations in today's markets. The gap between price and value is absolutely insane right now. Where can a cautious investor park their capital in conditions like this? Chris and Charles have several candidates to recommend.
They then dig into an important and fascinating discussion of Universal Basic Income. Make no mistake: we will be hearing an increasing chorus of politicians and the populace clamor for such a solution — but it's a fool's errand; one that would be tremendously destructive to both our economy and our social fabric. This is the topic of Charles new book, Money And Work Unchained. (If you'd like to read the first few chapters of the book for free, Charles is making them available for free to Peak Prosperity readers here):
Universal Basic Income (UBI) is being touted by the technocrat class as the solution for automation and the loss of human work.
by cmartenson 
