SH emails to alert us to a magazine cover:
No doubt you have already been alerted to the cover of the US Sept 10-16th edition of the Economist. Is there a closet admirer at the Economist?
I had no idea what he was talking about. It turns out that the current cover of the Economist bears a certain resemblance to an economics book written by some random guy. Coincidence or harbinger of economic apocalypse? You decide.
And speaking of economic apocalypses, I note that Greek two-year bonds are now pushing 60%. That would appear to indicate default before the end of the month. Better check your bank’s exposure to European sovereign debt.