Wednesday, February 2, 2011

Where do we send printed money?

When it comes to paychecks, Wall Street's law of gravity is back in full force: What goes down must come back up.
In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009.  WSJ
Kind of nonsensical results from monetary stimulus theory do you think? Anybody hazard to guess that maybe Keynes never figured out the sparse solution problem?
Big HT to Zero Hedge who watches this crap unfold.

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