Church Street Station

Who would be the fool to take you
Be more than just kind
Step into a life of maybe
Love is hard to find
--Culture Club

A quick shout out to the always insightful Jim Grant for his 9/23 NYT editorial "The Buck Stops Here." One passage that really made me grin:

"We Americans, constitutionally inattentive to developments in the foreign exchange markets, should be grateful for what we have. That a piece of paper of no intrinsic value should pass for good money the world over is nothing less than a secular miracle."

A secular miracle indeed. Hard to see how anything short of continued divine intervention will save the dollar from getting roasted as a consequence of the massive levels of pending government intervention.

position in USD