Comments on: End of the Road for the banker http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/ The random observations and learning journey of an economics student Mon, 14 Sep 2009 03:34:01 +0000 http://wordpress.com/ hourly 1 By: The Kway Teow Man http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/#comment-75 The Kway Teow Man Sun, 01 Feb 2009 16:49:20 +0000 http://bernardaw.wordpress.com/?p=269#comment-75 The pay on Wall Street will not be suppressed for long. The KTM believes that they will rebound within a decade. :-P The pay on Wall Street will not be suppressed for long. The KTM believes that they will rebound within a decade. :-P

]]> By: Bernie http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/#comment-72 Bernie Sat, 31 Jan 2009 17:30:15 +0000 http://bernardaw.wordpress.com/?p=269#comment-72 <strong>G1</strong>: Thanks for the NYT article. Good read! Maybe more "packaging" skills. Package more complex financial instruments. G1: Thanks for the NYT article. Good read!

Maybe more “packaging” skills. Package more complex financial instruments.

]]> By: G1 http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/#comment-71 G1 Sat, 31 Jan 2009 15:05:44 +0000 http://bernardaw.wordpress.com/?p=269#comment-71 http://www.nytimes.com/2009/01/23/business/23norris.html "Wages in finance were excessively high around 1930 and from the mid 1990s until 2006.... relative financial wages, taking into account education and other demographic factors, declined sharply in the 1930s and then at a slower pace until about 1980, when there was virtually no difference. Then, in a new era of financial innovation, “The financial sector became once again a high-skill, high-wage industry,” Not clear to me there were any more skills in the financial industry in the 1990s than in the 1920s, unless we were talking about conman skills http://www.nytimes.com/2009/01/23/business/23norris.html

“Wages in finance were excessively high around 1930 and from the mid 1990s until 2006…. relative financial wages, taking into account education and other demographic factors, declined sharply in the 1930s and then at a slower pace until about 1980, when there was virtually no difference. Then, in a new era of financial innovation, “The financial sector became once again a high-skill, high-wage industry,”

Not clear to me there were any more skills in the financial industry in the 1990s than in the 1920s, unless we were talking about conman skills

]]> By: The Singapore Daily » Blog Archive » Weekly Roundup: Week 05 http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/#comment-69 The Singapore Daily » Blog Archive » Weekly Roundup: Week 05 Sat, 31 Jan 2009 03:36:42 +0000 http://bernardaw.wordpress.com/?p=269#comment-69 [...] of the potential pitfalls ahead while being grateful for what we have - Bernard Aw’s Blog: End of the Road for the banker - Delvinlee’s Weblog: too many new malls [Thanks [...] [...] of the potential pitfalls ahead while being grateful for what we have – Bernard Aw’s Blog: End of the Road for the banker – Delvinlee’s Weblog: too many new malls [Thanks [...]

]]> By: The Singapore Daily » Blog Archive » Daily SG: 30 Jan 2009 http://bernardaw.wordpress.com/2009/01/29/end-of-the-road-for-the-banker/#comment-68 The Singapore Daily » Blog Archive » Daily SG: 30 Jan 2009 Fri, 30 Jan 2009 03:16:52 +0000 http://bernardaw.wordpress.com/?p=269#comment-68 [...] - Bernard Aw’s Blog: End of the Road for the banker - Delvinlee’s Weblog: too many new malls [Thanks [...] [...] – Bernard Aw’s Blog: End of the Road for the banker – Delvinlee’s Weblog: too many new malls [Thanks [...]

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