Morgan Stanley is cost cutting by reducing staff by 10%, or 3,600 highly paid folks, in its core business of asset management. Shall I say asset mismanagement?
This tells me that New York is going to be facing more of the same old need for Federal bailout. High paying jobs evaporating without replacement. This will not portend well to clownsumer spending. There goes those high end 5 gallon buckets of guacamole lunches! I will mismanage my own money and continue to only order guacamole by the small plastic side serving portion.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment