Investment banking revenue keep soaring

[Anonymous]

Banks are having a blast with billions and billions of revenue. Meanwhile some of our citizens have been unemployment for months.

As soon as the banks go through a drought when they maybe bring in just a couple of billions, they will cry to the FED, legislative and executive branch and will get a bailout in terms of favourable policies or just pure handouts. And this happens under both Democrats and Republicans.

This is the sad state of this country....

Ok rant over for this morning. Sorry just venting after I saw earlier this AM the massive haul all this banks are taking home

[Anonymous]

Two things:

(1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here)

(2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries.

It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?

[Anonymous]

Anonymous wrote:Two things:

(1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here)

(2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries.

It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?

I think OP means that bankers make too much money for what they do, considering they mostly cater to themselves, rich clients, and don't particularly care about poor clients. It's the standard inequalities gripe. Which I can understand. Economic inequality is pretty dire in modern societies that built democracies purposefully to try and bring prosperity and decision-making to all.

[Anonymous]

More money for us this year! Things were so grim in Q1. This is good news.

[Anonymous]

Anonymous wrote:More money for us this year! Things were so grim in Q1. This is good news.

Please explain. Because the average person is feeling crushed.

[Anonymous]

We need to hire 8 people in a small company and cant find anyone whose resume doesn't show job- hopping every two months or put a phone down during work day.
Where are the people who want to work?

[Anonymous]

Anonymous wrote:We need to hire 8 people in a small company and cant find anyone whose resume doesn't show job- hopping every two months or put a phone down during work day.
Where are the people who want to work?

El Salvador

[Anonymous]

Anonymous wrote:We need to hire 8 people in a small company and cant find anyone whose resume doesn't show job- hopping every two months or put a phone down during work day.
Where are the people who want to work?

El Salvador

[Anonymous]

Anonymous wrote:

Anonymous wrote:More money for us this year! Things were so grim in Q1. This is good news.

Please explain. Because the average person is feeling crushed.

We work in banking

[Anonymous]

Anonymous wrote:

Anonymous wrote:Two things:

(1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here)

(2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries.

It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?

I think OP means that bankers make too much money for what they do, considering they mostly cater to themselves, rich clients, and don't particularly care about poor clients. It's the standard inequalities gripe. Which I can understand. Economic inequality is pretty dire in modern societies that built democracies purposefully to try and bring prosperity and decision-making to all.

The idea that they cater to the rich is true but wrong. IB revenue is driven by deals for companies that provide jobs. There would be a lot less jobs without our banking system because otherwise raising capital would not work. Not capital no jobs. Maybe they make too much money but they make what they can, the same as anyone else.

As to the more general point, we are in a deal boom time right now. Of course they are busy. The economy is moving along fine right now. Slower, slightly but just slightly less jobs. It is a bit uneven at the moment. But contrary to the views I see on DCUM things are not dire. They could turn that way but they are not that bad right now. Unemployment is quite low -- that does not help someone out of work but as a general matter the job market is not shedding lots of jobs -- it is just not hot like it was.

[Anonymous]

That’s what I want that’s what I want

[Anonymous]

Anonymous wrote:We need to hire 8 people in a small company and cant find anyone whose resume doesn't show job- hopping every two months or put a phone down during work day.
Where are the people who want to work?

Same issue.

[Anonymous]

Anonymous wrote:Two things:

(1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here)

(2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries.

It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?

Unemployment is the highest it has been in years and it is rising like the Ocean at high tide in a hurricane.

Spare us your uninformed take.

The $ is diminishing as I type. All because of the criminal traitor who never once made a business successful.

And Republicans who want to burn the economy to the ground.

What do you not understand about North Korea and dictatorships?

[Anonymous]

Anonymous wrote:We need to hire 8 people in a small company and cant find anyone whose resume doesn't show job- hopping every two months or put a phone down during work day.
Where are the people who want to work?

No one wants to work for MAGA idiots.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Two things:

(1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here)

(2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries.

It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?

I think OP means that bankers make too much money for what they do, considering they mostly cater to themselves, rich clients, and don't particularly care about poor clients. It's the standard inequalities gripe. Which I can understand. Economic inequality is pretty dire in modern societies that built democracies purposefully to try and bring prosperity and decision-making to all.

The idea that they cater to the rich is true but wrong. IB revenue is driven by deals for companies that provide jobs. There would be a lot less jobs without our banking system because otherwise raising capital would not work. Not capital no jobs. Maybe they make too much money but they make what they can, the same as anyone else.

As to the more general point, we are in a deal boom time right now. Of course they are busy. The economy is moving along fine right now. Slower, slightly but just slightly less jobs. It is a bit uneven at the moment. But contrary to the views I see on DCUM things are not dire. They could turn that way but they are not that bad right now. Unemployment is quite low -- that does not help someone out of work but as a general matter the job market is not shedding lots of jobs -- it is just not hot like it was.

Unemployment is not "quite low" and it is rising fast. Do you not know how economics work?

There will not be "slightly less jobs" Project 2025 says so!

There will be no jobs, no benefits, no overtime pay (yes that is correct Trump hates nurses firefighters and the police), no help for injury on the job and pennies on the $ for pay. That is what they wrote down. That is what they are going to do. That is where we are headed.

They wrote it down! And listen when they spew!