Zero Hedge
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

"It's Not The Weather, Stupid"

It's the economy!

While above the 27 year average, Snow fall this year is 30% below last year's.

Source: Goldman Sachs

So, while it helps the narrative and provides an easy crutch for Keynesian apparatchiks from being forced to admit their philosophy's utter failure; as the collapse in oil, the plunge in world trade, and the "worst since Lehman" drops in macro data simply do not fit the 'weather' meme...

Perhaps, just perhaps, there is only so much future demand that can be dragged into the present before the whole ponzi collapses...