Sunday, Jul 05, 2009
This will spoil your day!
Times Online: Job losses report bring gloom to Fourth of July
HOWEVER! "Goldman Sachs is on course to pay bonuses of $20 billion, or $700,000 per employee, twice last year’s payout, and Morgan Stanley is projected to top last year’s average bonus of $262,000 per employee with cheques close to $340,000".
Posted by tim miller @ 12:24 PM (441 views) Add Comment
2 Comments
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1. techieman said...
"So the outlook for the US and global economy remains extremely weak ahead. The recent rally in global equities, commodities and credit may soon fizzle out as an onslaught of worse- than-expected macro, earnings and financial news take a toll on this rally, which has gotten way ahead of improvement in actual macro data."
http://www.rgemonitor.com/blog/roubini/257210/us_job_report_suggests_that_green_shoots_are_mostly_yellow_weeds.
Expect some moves tomorrow.
2. icarus said...
"The ability to tap investors for cash is an important offset to the reluctance of many banks to lend - businesses in effect are eliminating the middle man". So..er...tell me again why it was so necessary to bail out the banks.