Meredith Whitney Predicts 80,000 Layoffs for Wall St

[Watchman]

Meredith Whitney Predicts 80,000 Layoffs for Wall St

EconomicPolicyJournal
October 1, 2010

Whitney really does her homework (one of the few on the Street that does) before throwing out numbers like this, so you have to think she is probably right in the ball park as to what is going to happen. Most of these guys (and some gals) that will be laid off will never be able to earn elsewhere the money they earned on the Street. Does this finally break the Manhattan real estate market?

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[shOUTloud]

About time these Wall Street vampires go out and do some real work, maybe they can be paramedics or teachers. The future is truly Asia now, US is on terminal decline.

 

[kiss]

i hope all these arseholes don't come to Asia...

Just stay on in USA.... we DON"T NEED them !!!

 

[Muthukali]

Nfpr............

 

[soikee]

Meredith Whitney Predicts 80,000 Layoffs for Wall St

EconomicPolicyJournal
October 1, 2010

Whitney really does her homework (one of the few on the Street that does) before throwing out numbers like this, so you have to think she is probably right in the ball park as to what is going to happen. Most of these guys (and some gals) that will be laid off will never be able to earn elsewhere the money they earned on the Street. Does this finally break the Manhattan real estate market?

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This bitch is the biggest short-seller; this time she's in a deep shit after having sold DJ from above 10,000.

 

[knowwhatyouwantinlife]

may or may not be cos almost every commodity is in bubble territory...dont remember a genuine bull run with the USD going so low...whats for certain is that many FM are parking their funds here in Asia, hmmm, maybe this century really belongs to the chinese, with the next going to the indians...

 

[Meltdown]

I hope the layoffs spread to the financial industry here in Singapore. It will be great to see those financial industry people working in Raffles Place, Shenton Place, and CBD lose their rice bowls. It's time for them to do real productive work with added value to society. The days of buying & selling of securities for quick profits and sucking the blood of the retirees through their life savings are over!

 

[Cestbon]

80k jobs in US. US very big so also small %. If in Singapore then we need to be worry.

 

[knowwhatyouwantinlife]

I hope the layoffs spread to the financial industry here in Singapore. It will be great to see those financial industry people working in Raffles Place, Shenton Place, and CBD lose their rice bowls. It's time for them to do real productive work with added value to society. The days of buying & selling of securities for quick profits and sucking the blood of the retirees through their life savings are over!

totally agreed and very well said...have you ever wondered why the uniform people (nurse, medics, firemen, etc) who are taking risks everyday (esp those that involve saving of lives) in their jobs is being paid less than a pen pusher working in the bank...quite perverse in a way...all my friends working in citi, CS and UBS are all making $100K p.a. (they claim) per annum and the highest position they are holding is only an AM. Moreover the benefits are great and they are sent for overseas courses and attachment regularly...I am sure some will ask "you wouldnt be singing this tune if are in", but personally i still prefer a stable meaningful job in the daytime and some part time business and investment to get my $100K...well...i tip my hat to those who never realize their true potential and are still struggling hard to do their best everyday...