Wednesday, October 05, 2011

The Swindle Known As Financialization

Superb Denninger post.

1 comment:

Anonymous said...

Spot on analysis.

Might be too dismissive, though, of the pain involved in getting back down to a relatively unleveraged state. It WON'T be pretty. Nor, at the end of the deflation, will the little people feel any better about themselves. They'll still be just as poor and beholden to rich folk as they are now.