Noland writes the best copy around today. Period. The larger chilling question is how much will we have to inflate to form a safty-net under all the bubbles at hand. It ain't gonna happen. Not with $300K 1/1 condos in S.Florida.
I actually read an article a week or two back that used the phrase "soft depression." My first reaction was who the #^&% thought this phrase up?
It's Alice in Wonderland time. "A word is what I wish it to mean, nothing more nor less," the Queen declared to Alice.
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