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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (61954)5/24/2006 10:39:15 PM
From: GST  Read Replies (1) of 110194
 
The market for MBAs does indeed tell you something about the direction of compensation. For Joe sixpack, wages have been depressed. But for Joe manager aka the newly minted MBA, its a six figure life style.

There are roughly 100,000 new MBAs per year in the US -- a million in the past ten years. There are as many MBAs out there than there are toxic loans. Take away the 25% of the market that is multiple unit spec buying and take away those who actually can afford these ridiculous prices and you have a bubble, but not one of biblical proportions.
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