The decapitalization of the west

posted by
September 15, 2011
by Dale Franks  
Posted in Commentary

"There is an implicit, if unspoken consensus among many -- if not most -- in the economic community of the west that the worst portion of our current economic difficulty is behind us. That the economy, weak and shaky as it may be, has avoided the danger of complete collapse. The opinion holds that we can look forward resignedly, if not confidently, to a period, however long, of subpar economic growth, but growth nonetheless. I fear that confidence is misplaced." (09/14/11)  

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