Friday, March 13, 2009

Simply Unsustainable


From 1952 through 1985, household net worth runs in a band from 300 to 350% of GDP. Then it jumps to over 450%?
I smell Greenspanorgasm.

2 comments:

J. Strupp said...

Agreed.

And the latter half of this surge in household net worth was achieved with little or no increase in real wages.

Shoebox said...

I'm from the government, I'm here to help! Poof! It's all gone now...nothing to see here, move along.