Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, October 10, 2011

A new lost decade. For most; not for all.

In this post, the respected commentator Satyajit Das says, among other things, that of our current period of uncertainty, "The most likely outcome is a protracted period of low, slow growth, analogous to Japan’s Ushinawareta Junen – the lost decade or two. The best case is a slow decline in living standards and wealth as the excesses of the past are paid for."

What he does not say (and may not believe - but we do) is:
  1. The "excesses of the past" are were entirely those of Rentier Capitalists - Private actors using the legal system and the government to appropriate your money, and
  2. Those excesses are going to be paid for by you, not them

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