U.S. securities firms now employ a record number of full-time employees. Firms added 10,000 employees in June, bringing the grand total to at least 848,300 souls hitching their wagon to this bubble of bubbles.
The investment industry cut 100,000 employees in the three years following the dot.com bust. But between 2005-2007, they’ve all been hired back and then some. We expect the Street will be littered with far more bodies after the subprime bust -- and make the melodrama even more shrill than in 2001.
The investment industry cut 100,000 employees in the three years following the dot.com bust. But between 2005-2007, they’ve all been hired back and then some. We expect the Street will be littered with far more bodies after the subprime bust -- and make the melodrama even more shrill than in 2001.
No comments:
Post a Comment