"The chickens are going to come home to roost in a monstrous way very soon, " he said.

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But years of torrid growth in executive pay have, in my opinion, finally come home to roost.

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Make sure they know that they do not act with impunity, and that the chickens will eventually come home to roost.

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But for now, investors are betting that a shift back toward easy money will postpone the day when those chickens come home to roost.

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In hindsight, this period of low interest rates, easy credit and loose regulation contributed to a series of dangerous bubbles that would come home to roost.

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Have the housing bust buzzards come home to roost?

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The causes of 1990-91 and 2007-09 were similar: Real estate collapse, stock market turbulence, financial engineering turkeys come home to roost, loan failures, taxes going up, a Middle Eastern war, a spike in oil prices and everybody de-leveraging at once.

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