As the old saying goes: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
It’s easy for investors to fall into the traps laid by their belief systems. Whether to the bullish or bearish side, we all have our own biases that can warp the way we perceive reality.
Which is why forcing ourselves to take a systemic view of the economy, markets & society can be so helpful. By understanding the way our systems work and projecting current developments through to their most logical outcomes, we can sidestep most of our biases as we develop our predictions and conclusions.
Today’s guest expert, author and macro observer Charles Hugh Smith has made a career of this kind of systemic thinking.
We’ll talk with him about where today’s really big trends are taking us. What kind of economy and standard of living should we expect in the unfolding future?