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Michael E. Lewitt From Kirsten Bischoff, Opalesque New York:
Truth be told, I received a copy of “The Death of Capital: How Creative Policy Can Restore Stability”, by Michael Lewitt earlier this summer, right as a number of financial books hit the market. It sat quietly on my desk for quite a few weeks as the summer weather found me opting for the more novelistic, beach worthy reads that re-hashed the dramatic events (and gossip) that underpinned the financial crisis. But, with the August arrival of Lewitt’s highly regarded monthly letter (www.HCMMarketLetter.com), I realized I was missing out on one of the most eloquent writer’s introspective take on the state of the US economy. I began to read “The Death of Capital.”
Lewitt’s monthly examinations of the events that have unfolded in the markets often have a philosophic tone, and he never minces words or shies away from committing to an opinion. He approaches his dissection of the state of our economy in much the same way throughout his book.
While at times the tone may seem overly alarmist, early on Lewitt addresses the need for urgency, drawing on history to illustrate the line between economic volatility and social instability. It quickly becomes clear how seriously he takes the task at hand: changing the market’s focus on short-term speculation, on valuing deb...................... To view our full article Click here
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