TW: (click on to enlarge). The graph shows a fairly linear relationship between GDP and financial services growth. Fin service firms make money in many ways as debt grows (i.e. fees from debt placements, arbitrage etc.). This speaks to the simpatico and the power between increasing debt and financial service firms. Understand as well as debt rose prices on other assets (i.e. real estate, stocks, commodities) also rose creating yet more opportunities for fees etc. Food for thought.
Saturday, July 25, 2009
Debt And "Wall Street" Sitting In a Tree K-I-S-S-I-N-G
TW: (click on to enlarge). The graph shows a fairly linear relationship between GDP and financial services growth. Fin service firms make money in many ways as debt grows (i.e. fees from debt placements, arbitrage etc.). This speaks to the simpatico and the power between increasing debt and financial service firms. Understand as well as debt rose prices on other assets (i.e. real estate, stocks, commodities) also rose creating yet more opportunities for fees etc. Food for thought.
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