What can we say? We found our Johnny Rotten in Ludwig Von Mises and if we were going to invoke the aura of the Sex Pistols, we were going to have to Save the Queen. Well, in our current economic client, there are few people more tone-deaf to the mechanisms of the market than our current head of the treasury. A few months ago, she said she couldn't see any problems on the horizon. She may have well said, "Let them Eat Cake." Here's to you, Janet.
Printed, as always, on our favorite, soft, slightly structured, but true to size t-shirt, the Bella-Canvas 3001.