"Longest ever recession" - UK
What do people think of this? The BofE predicting a TWO YEAR slump. Very spooky in my opinion. I wonder what the effect on DCM/ECM would be?
Trending Content - Investment Banking Forum
| +445 | Don’t work at UBS - UBS Sucks | 42 | 4h |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 4h |
| +211 | Should My Intern Get a Return Offer? | 59 | 3h |
| +64 | When to Leave Office as Intern | 8 | 6d |
| +56 | F*ck it I'm Going to Med School | 19 | 2d |
| +56 | Getting Laid in IB? | 28 | 6h |
| +49 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 3 | 18h |
| +45 | Living in greenwich as an analyst? | 9 | 9h |
| +32 | STEM student lost in London IB recruiting | 19 | 15h |
| +27 | NYC Associate Budget | 9 | 1d |
Career Resources
The only "Bof / Bank of" I recognize is the Bank of America, lets go baby!
Edit: MS all you want but we all know who won the Revolutionary War
Don't mention the war, the Brits still haven't gotten over it.
Well, don't they have to control the inflation going on in their economy right now?
Trust was voted out of office because the plans she had was not popular, and did not right, right?
What would be the solutions UK can explore?
Fiscal responsibility. Rishi Sunak and Jeremy Hunt are amongst the 'safest' pair of hands the Tory Party can offer. In fact Sunak campaigned and literally predicted all of the things that would happen under Liz Truss' Thatcherite/Reaganite tax cuts. However this comes at a cost of continued spending cuts, greater austerity and higher tax rises in an attempt to balance the UK books.
Just Europoors being poor.
The wealth gap between the richest US states and richest European states is now larger than the gap between the richest European states and emerging markets like Poland.
In other words, the UK is like an emerging market relative to the US.
GDP Per Capita (2022):
New York State: $102k
United Kingdom: $47k
Poland: $19k
This is not an apples to apples comparison as you're comparing the richest US state to whole countries - obviously the picture will be distorted. US as a whole would be around $69k GDP per capita which is still higher than the UK but expected from the world's wealthiest economy. Can you even find Poland on the map?
Why is it not apples-to-apples? I am comparing the richest US to the richest European states. New York has a population of 20m and would be the world's 10th largest economy if it were independent. Economically it's very similar to the UK in terms of being focused on professional / financial services. If I was going to use the entire US economy as a reference point, it would be more appropriate to compare it to the Eurozone or the EU.
I do not know of a single investment banker or PE guy who would move from London to NY (without a fuckton of money guaranteed)
Why so? I'm not trolling, just curious. Is it the culture of London / food / etc?
your friends must not like air conditioning lol
Agreed, the lifestyle in London is significantly better if you're coming from means, and work a high paying Banking/PE job. The culture is also easier to adjust too. For me, a person of South Asian origin who went to boarding schools in Continental Europe before coming to the US for Undergrad, I'd always take London over NYC. That doesn't apply for the rest of Europe though.
when you say you went to school in Continental Europe does that mean explicitly outside the U.K. ?
Funny thing here is if you ask any American they wouldn’t do the opposite
I’m curious too. For every Briton I’ve asked, the idea of moving to USA simply seems horrendous - and I’m not sure why. Is it maybe a culture thing?
Well, time to pack up your shit and move to the greatest fucking country of all time baby. Amerrrrrrrica, fuck yeah!
Excepturi fugit iure ipsa magnam dicta quibusdam ut saepe. Sed dignissimos debitis illo. Eaque earum aperiam perspiciatis omnis aut accusamus reprehenderit. Doloribus nobis dolorum nihil nam omnis beatae corporis. Fugiat quia aut numquam minus. Earum quo rerum impedit voluptas consequuntur. Voluptatum maiores soluta aut placeat.
Sit sed quos maiores ut cumque atque ea. Eum aut sunt veritatis ut tenetur deleniti magnam. Et nostrum debitis eum aperiam neque. Ut possimus harum culpa et ut voluptas perferendis. Eligendi id culpa non magni expedita qui. Non ut fuga blanditiis corrupti.
Quam iure doloribus laboriosam veritatis accusamus. Omnis eveniet nemo consequuntur est cum sunt. Fuga temporibus quia a doloribus ipsam. Tempora debitis velit quidem ut incidunt. Enim aut quibusdam quasi mollitia qui aperiam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...