Reader Curt emailed the following image.
I typically do not post such images unless I know who to attribute. In this case, the image appears to be recent, has not gone viral, and is pertinent. If the owner steps up, I will gladly attribute the image to its owner.
“Caution. Floor Covered with Political Promises”
The message itself, although used before, is still timeless. It applies to everything from Obamacare to Greece, to statements from the Fed.
“Caution!” also applies to the stock market, junk bonds, the dollar, sovereign bonds, the Yen, GDP estimates, and in fact damn near everything.
Mike “Mish” Shedlock