“Insidious” Conditions, “Destroyers Of Animal Spirits” & Why It’s All “Nonsense”

Richard Breslow was apparently looking to close out the week with a bang, because his Friday missive is great and as an added bonus, the opening paragraph is so over- wrought that it adds a healthy dose of humor to the whole thing. What you'll read below starts as a kind of new riff on yesterday's installment before morphing into a scathing critique of all the people (people like us) who think that China's tightening efforts and the concurrent commodities carnage are a harbinger of the end tim