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EXCESS WAGE VS EXCESS DEBT

Paul Kedrosky has an interesting post titled “Bankers’ Pay as Sign of the Apocalypse”.  It looked eerily similar to the chart on U.S. debt as a % of GDP so I compared the two.  It’s not shocking to see a very high correlation between public/private sector  debt and extreme excesses in Wall Street pay:

fsectorwagevdebt1

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