Layoff List Grows: Morgan Stanley to Cut 1,600 Jobs | Fox Business

This article published by Fox Business is worrying. It’s worth a read.

via Layoff List Grows: Morgan Stanley to Cut 1,600 Jobs | Fox Business.

With the World’s economy growing and financial markets at record highs, it’s strange that the big banks are laying-off staff to cut costs. The banks are citing global uncertainty.

Certainly, as US interest rates start rising, the hot money will be swarming overseas looking for a new home. But real estate and many financial markets are overpriced, so one wonders what’s going to happen?

With Obama in the White House, political risk seems to be rising across the board. Soon perception will give way to fear start to influence investment decisions. On the back of lower oil prices, many countries are experiencing deflation, falling prices. Take the UK for example. If you look carefully at the Office of National Statistics data on inflation, you will see an alarming trend. If you strip out rising prices of services, the prices of goods in the UK has been falling steeply for some time.

In a word, the problem is extreme ‘volatility’. But if we look at the major risks in the world, a ‘volatile event’ could easily trigger a major market correction.

Let me ask an open question:

What if anything are the investment bankers hiding?

Thoughts?

 

Bank of America Merrill Lynch intern Moritz Erhardt found dead after working long hours | Mail Online

Looking back over some of my most popular blogs, I think this is worth a read

Dr Alf's Blog

Bank of America Merrill Lynch Bank of America Merrill Lynch (Photo credit: Wikipedia)

This is an extremely depressing story reported in the Mail Online. It’s a MUST READ. Check it out!

via Bank of America Merrill Lynch intern Moritz Erhardt found dead after working long hours | Mail Online.

This story takes me back to when I was a part-time tutor to Masters’ students at EAP (Ecole Affairs de Paris – a French Grand Ecole

ESCP Europe ESCP Europe (Photo credit: Wikipedia)

– this subsequently became ESCP and was ranked No.1 worldwide by the Financial Times in 2010 for its Masters in Management). The students were exceptionally bright, typically from privileged backgrounds were required to undertake, at that time, internships in London, Paris and Berlin. In London, there was always intense competition to get a place in a prestigious investment bank, especially by the German students. I remember vividly one German student who described the…

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