Things are scary quiet

Work in BB/London and things are quiet! At first I felt guilt about consistently getting out at a decent time, but now I am starting to worry a bit. when is the work going to hit?? It seems like there's more people in the office than work to be done and if something doesn't change soon, heads may be rolling come next year. Is anybody else in BB or otherwise having a similar experience? Also, the fact that the NY Times ran that article about the banking industry due for a reckoning and resizing has me further spooked.

6 Comments
 

Depends what group you're in. Some groups are sleepwalking. If you were in FIG you'd be getting killed right now.

I strongly suggest you take Mulligan's advice above.

 

Don't spend money heads will roll. Markets are volatile as shit, companies are happy not doing anything at all ( hiring including ). Buyside asset managers have essentially de-risked at this point unless they're loonies.

Being on the sell-side sounds terrible right now, and will probably remain that way for the next few years with the exception of BRICs.

 

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