This would have happened anyway.

Get ready for QE5.

“The play on the stage is the same, it’s just the actors are different.”

Dan Wantrobski, CMT

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AC/DC

In 1979, AC/DC with Bon Scott was my favorite band (along with Led Zeppelin and Black Flag and the Sex Pistols. A punk with long-hair.)

For me, AC/DC became a different band after Scott OD’d in February 1980.

The last time I saw AC/DC live, Angus Young was 24, and Bon Scott (age 33) was the singer. 3,000+ people, tickets were $7.50.

At the Rose Bowl April 18th, Angus is now 70. Time flies. Everyone got old.

Angus is still a killer guitarist and entertainer, and, although Brian has lost his voice (and forgotten some lyrics,) he did a serviceable job. He looked happy to be out there (and winded - he’s 77).

The band was solid, and I think 10 of the 21 songs they played were pre-1980, from the Bon Scott era. Nearly 50-year old songs, still killer rockers.

Sin City, Whole Lotta Rosie, and Riff Raff were probably the highlights for me. Angus must've done a 20-minute version of Let There Be Rock.

I had good seats thanks to a good friend, but what a zoo the Rose Bowl is. The serpentine lines to get in are ridiculous, and the traffic - fuggedaboutit.

Another item checked off the bucket list.

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“I could sit here for two hours and talk about macro. I find it very fascinating. I happen to like macroeconomics very much. I think it's incredibly fascinating, but none of it - zero - has to do with how I actually trade. Zero.”

Jason Shapiro

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A Partisan Lens

Link

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Russia is literally adjacent to NATO airspace:

"We'll know our disinformation program is complete when everything the American public believes is false."

William Casey, CIA Director, 1981

A nice message from paid up subscriber David:

And from Richard:

Please consider a paid subscription. It’s just $1.92 a week, which you’d probably just blow on food or rent anyway.

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Below the fold: housing, student loans, the continued financialization of everything, Tim Price, Dying of Money, inverting, Greg Weldon, Mike Taylor, Brent Johnson, Steve Eisman, the Germans, bond experts, mobsters, grifting, charts, consumers, and more.