Used to be (way back when – say, 2007) if you had an MBA and a dream you could start a hedge fund, make a zillion dollars and overpay for a trophy wife and a Greenwich mansion to put her in. It’s harder now.
Used to be (way back when – say, 2007) if you had an MBA and a dream you could start a hedge fund, make a zillion dollars and overpay for a trophy wife and a Greenwich mansion to put her in. It’s harder now.
Upside to the Modern Depression: cheaper than ever to divorce that aging wife when there’s less net worth to split…and she can have that fast depreciating Greenwich house as part of the settlement
I posted on this very thing a couple of months ago – the new fight between divorcing couples is who will get stuck with the depreciating house. It’s getting ugly out there.
Sure, pay is down for most
But chicks, houses, planes, etc are cheaper now
Depressions are always great times to have money, that’s for sure.
What we are up to:
http://www.huffingtonpost.com/vicky-ward/did-thierry-de-la-villehu_b_172141.html
Fondly,
Walt