By Charles Hugh Smith
OfTwoMinds.com
August 14, 2026
While the Everything Bubble has soared to new heights, consumer confidence has fallen to new lows.
For your consideration, four charts that tell a single story: while those Americans who have benefited so immensely from the Everything Bubble in stocks, housing, crypto, bat guano, etc.-every asset under the sun-have spent lavishly on fripperies, the foundations of everyday life for the bottom 90% have rotted away.