Tuesday, October 12, 2010

Not Everyone Is Suffering

Just a reminder:
The WSJ did a survey of "Wall Street," meaning the top three dozen or so banks and investment firms. Behold those numbers!

Total projected Wall Street revenue, 2010: $448 billion (up 3%)
Total projected Wall Street pay, 2010: $144 billion (up 4%)
In other words, Wall Street pay this year will be more than the gross domestic product of New Zealand.
Keep this in mind when it seems like a lot of our policy making elites don't have a sense of urgency in fixing the economy.

Why would they be concerned? There isn't much wrong in their world.

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