The Wheels on the Bus go ...

Over lunch last week, the Australian branch of the Screwtape Files team got talking world matters. Big topic: 'How is it that the wheels have not yet fallen off?'. Here we are in 2015 and the horrific financial collapse and devastation predicted by many - take your pick of the massive smorgasboard of potential disaster: Armstrong's Big Bang 2015.75, Australian Property Crash, China Economy Collapse, Revaluation of Physical Gold, Hyperinflation, Global Derivatives failure, Grexit from Eurozone, Kondratieff Winter, Bond Bubble Busting (etc) ... all of these are big ticket items so the fact that none of them have yet come to pass in finality (despite appearing to be constantly on the brink) seems to indicate that Ben Bernanke and his ilk really have worked some magic, albeit arcane and unholy.