Weather

The poor economic data flow is due to abnormally inclement weather, according to the apologists. Then I saw the following remark that I thought summed up my attitude rather well: “If we adjusted for weather, Napoleon would have taken Russia in 1812.”

What we have is a massive, world-wide financial bubble that is in the very early stages of collapse as economies start to show symptoms of withdrawal from hyper-stimulus.

And don’t blame it on Putin, either.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: