Back on January 25, we wrote a post arguing that we could legitimately blame the weather for the bad economic news, but that normally, “The weather is the last refuge of a scoundrel.”
Per Google, it’s the only time the phrase has been written.
Anyway, Nouriel Roubini obviously liked it, because he said it today on CNBC and got a huge guffaw from everyone on the set. Glad you liked it!
Watch right at the 5:52 mark.