“I thought a few months ago that the perfect storm would be 2013,” Roubini said in an interview in London today. “But now, the economic weakness in the U.S., euro zone and the U.K. is front loaded. So we’re going to double dip earlier. The climax of it could be 2013, or it could be already earlier. It depends on what policy tools are available.” [Bloomberg]
Financial Analyst Caught Cheating Not ‘Humiliated’ Enough To Pass Up Chance To Regale World With How ‘Fun and Naughty’ It Feels To Be Such A PlayaBy Bess Levin
JB is a 27 year-old financial analyst who was recently dumped by the two girls he was seeing, both without the knowledge of the other. Girl number one was a “conservative Upper East Side Ivy League grad who works in finance” who he’d been with for a year. Girl number two was a “quirky Park Slope hipster with a creative ad-agency gig” who he’d been with for six months. To the naked eye, this looks like a not new thing called “cheating” (the ladies thought they were in “exclusive” relationships). Being a financial analyst by day and trend-setting player by night, however, means JB calls it “double-borough dating,” a phenomenon that operates under the assumption that people do not leave the confines of the neighborhood in which they live and in which one “courts women from distinct and distant ‘hoods, ensuring the lucky ladies never cross paths.” JB describes DBD’ing as “fun and naughty,” so if you’ve been dying to star in the bootleg version of your Sex and the City fantasies, it might be right for you. Having said that, it is not without some risks, which JB recently encountered. Read more »
Wall Street Rants: “Go ahead and continue to take us down, but you’re only going to hurt yourselves.”By Bess Levin
An email apparently going around today.
“We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.
Charlie Gasparino and the Power Lunch gang could hardly keep their giggles under wraps just now, reporting the breaking story that the CEO’s of Morgan Stanley and Goldman Sachs were spotted eating dinner together on Monday at the Palm, and, sources tell them, have been dining together regularly. Could this signal a merger, CNBC wonders? Senior executives at both firms say no, that is not the case, but rather that Mack and Blankfein are merely commiserating about being bank holding companies, and strategizing how they’re going to deal with their new status. Oh noes for CNBC! Think, damn it, think! If the story about GS and MS merging is bull shit, what would make an even bigger (fake) story?? [snaps fingers] How about a “developing LOOOOVE story”?
Sources tell CNBC this relationship became “increasingly intimate” just after the Lehman bankruptcy and since insiders have shot down merger rumors, it must mean the two are fucking! But wait, we’re talking about two guys, so how is that possible? Michelle Caruso-Cabrera asks, hehehe, “Which one is the girl,” hehehe. Gasparino’s sources tell him Mack paid so I guess it must be him? Probably, though sources tell Dealbreaker that the MS CEO is actually a bit of a feminist and insists on trading off. Since Blankfein grabbed the bill on their last date at a leather bar, it was only fair for the Mackster to get this one.