So... I struggle with this issue.
Market price for a great Financial guy is some odd 1 mill a year.
Over the next 5 years that is probably going to fall. The supply of financial service guys is High, and the demand is low.
The only work out there are Bonds and selling mortgages to the fed... and some of the usual Trading Arbitrage opportunities.
Problem is though the pay is on the decline one has to deal with current market rates.
But, when I see Citi decide to spend 10 million on office renovations..... UMN!!!!! WTF. To be honest... regardless of if you "needed" tarp money or not. If you are a bank and you took money. Guess what... It's time for the single ply in the bathroom. Time for the Cheep soap. Time for cutting and saving anywhere you can and cope with.
This is what bothers me... Very much Fiddling when Rome burns. And reflects what is wrong in the financial services idustry.. and hints at the idea that it is such a Fat Sector that it just has to go on a serious diet before it's healthy.
Friday, March 20, 2009
Single Ply
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3 comments:
On my Reader I get the title and first line:
"Single Ply So... I struggle with this issue."
I thought it was a misprint and Eric meant to say "I have problem with this tissue" and he was going to go one his precious cultural tirades about bathroom amenitites. Since he has not had one lately, I was looking forward to reading it.
But no, it was just a socialist populist rant about TARP and Citigroup. But wait... he did bring the toilet paper into the conversation!
Single ply... for those shitheads? Won't work. They're are so full of crap, they're are gonna need Brawny.
I know I know, GMYOFB.
You know... exhausted... been a rough few months since september... Little time to rant about "Fun stuff".. That and an hour or 2 on a Saturday defending a good rant about the Dali lama
summer will come..
Rant all you want here tony...
I do generally think a comment needs to be less than 1 page. Or else it seems to be more a short story... but it rarely stops me.
I'm not seeing the stregnth today.. must be in the lame Hyperinflation stuff
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