At long last.
Well done James Jeffrey, author of the Strewth column.
From the Australian today:
REMEMBER back in 2009 when Barnaby Joyce pondered aloud the possibility of the US defaulting on its debt?
Just to recap in the concisest way, things went badly for Joyce. We found ourselves pondering this yesterday as we listened to the dulcet tones of the ABC’s Eleanor Hall on The World Today: “. . . the [US] Treasury has warned that Congress has only until August 2 to come up with a compromise to lift the $US14 trillion debt ceiling or risk a default and a default would have drastic consequences, not just for the US but for the global economy”.
Is the time approaching where Joyce must be acknowledged as a clear-eyed prophet?
Strewth found him in a reflective mood.
“Alas, Cassandras are rarely enjoyable company in any party. It was hardly the greatest feat of the prefrontal cortex amygdala [utilised for intuition, he explains] to foresee that one, but politically it had to wait for the economic karaoke to bravely sing all together prompted by the big bouncing cheque.”
Amen.
Just as this blog has been proving, with news articles and economic information from around the world, ever since Barnaby The Prophet bravely made the Big Call.
Barnaby was right.
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