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.
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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.

3/13/2009 9:25 AM
Shoebox said...

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

3/13/2009 9:52 AM

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