Posted on 03/11/2014 3:14:19 PM PDT by aMorePerfectUnion
"We warned that the banks have turned the corner when their cycle finished last year. The NY Post has come out stating that being a banker is not so great anymore. When the ECM turns down 2015.75 into 2020, things for the banks are going to get a lot worse. They are hated perhaps even more than politicians. Their proprietary trading has destroyed the industry and been the worst public image than any sector can have."
The ECM is his Economic Confidence Model.
Try getting a loan originator or underwriter job these days. You’d have an easier time as a blacksmith or wheelwright.
Good. Let the banks have earn every bit of trust back.
Recovery Summer 5.0 will fix everything. Happy Days will be here again. /sarc
“Recovery Summer 5.0 will fix everything. Happy Days will be here again.”
No, really. Any day now.
Heard GE is moving from out west to China, over 100,000 employees in this state will be unemployed and the former CEO of GE is in the obama administration! Right back home, we’re for the middleclass dont ya know! GE will hire and train and us dopes will buy thier products.
As smart ATM’s and online banking become the norm it was bound to happen.
“As smart ATM’s and online banking become the norm it was bound to happen.”
The back-office work and client support (much of which can’t be automated) has been leaving the US for years; this has played a big role in impoverishing the northeast.
I agree.
Re-fis are dead as rates trend up.
Lots of the home sales are cash deals.
Mortgage volume is down.
GE’s prospectus says they have 131,000 total USA employees.
And you say they are elimination 100,000 of them?
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