From the dotcom bubble to the Iraq War – when Bill’s financial forecasts or foreign policy views clashed with popular opinion.
The force of a correction is equal and opposite to the delusion that preceded it.
Poor Zelenskyy! The actor got used to being centre stage. Practically every TV station used to carry pictures of him, dressed in his olive-green war-fighting costume — he was The Man! Fighting to protect Western Civilisation from the steppe barbarians, he was able to raise billions of dollars. Fame…fortune — it was all his.
Through September, the US government had already borrowed $1.7 trillion, so far this year. It is on target to reach a total of $2 trillion before the year is out. This is the second biggest borrowing spree in history (after 2020).
Last week, all of a sudden, explosions…gunfire…bodies…mayhem — and as the dust settled, there was Truth, blindingly obvious…yet, still shocking. Truth about the past…and a warning about the future.
The Ukraine is running out of weapons, money, and enthusiasm. Most important, it is running out of meat for its grinder.