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

Tuesday, August 10, 2010

About that Vampire Squid...

...the oversized percentage that the financial sector is taking from the real economy [is] like an unproductive tax on commercial business...

From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent...This decade, it reached 41 percent.
---Jesse's Cafe Americain, 8/9

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