He who places his hope on thee, O Virgin all-glorious, will prosper in all he does.

Inscription on Byzantine coin during reign of Romanus III



Friday, October 29, 2010

Al Jolson On Economic Challenges



This was a popular Depression-era song.

2 comments:

John (Ad Orientem) said...

I try to hope for the best, even in dark times. This won't last forever. On which note I offer another tune from the Depression that's not quite so grim.

http://www.youtube.com/watch?v=2KIsa8-aXpk

Visibilium said...

You may be about a year off. Depending on whether banks can proceed with cleaning up their balance sheets, the expectation is that the Fed may be able to start jacking up rates in late 2011.