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:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.