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Tuesday, January 11, 2011
Currency Humour, Sort Of
After 45 years, Harry Schultz, now 87, has just published the last issue of his International Harry Schultz Letter. Here is a little gem from his last letter ... “Roughly speaking, the mess we are in is the worst since 17th century financial collapse. Comparisons with the 1930’s are ludicrous. We’ve gone far beyond that. And, alas, the courage & political will to recognize the mess & act wisely to reverse gears, is absent in U.S. leadership, where the problems were hatched & where the rot is by far the deepest.” Read more about Harry's last letter here.
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