Ray Soifer, a retired executive from Brown Brothers Harriman, follows the percentage of Harvard Business School Grads heading to Wall Street. With 37% taking jobs on the street last year, he argues that Wall Street is “bloated” and, as a proxy for the entire economy, shows that America is ripe for a slowdown. Contrarian investors will no doubt rejoice in his argument, detailed in the New York Sun:
For those who seeking MBAs this year, the economy three years from now is always a concern. While the market is incredibly hot this year, (MBA Mission Blog: The Return of Big Bonuses) the question is, of course, can it last?