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

Tuesday, June 15, 2010


It is widely acknowledged that FDR's error was caving in to the deficit hawks and reversing the recovery from the Great Depression, making it even worse.  They're back.  The lunatics are in charge and they want to cut, cut, cut – based on the medieval belief that bloodletting will make us better.  And if it doesn't, it will at least please the banks and bond markets.  The Germans are doing it.  The French, too.  The Greeks, the Spanish and the Portuguese believe they have no choice but to do it.  The UK, too.  Thus we lose another battle in the war between the bankers and the people.
---CK Michaelson, 6/15

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