Big lay off in financial sector trigger rally in financial share

Citigroup to Cut 11,000 Jobs, $1.1 Billion in Costs

US corporation's profits only come from job cutting now. There is no growth in sight. When the financial shares spike on the news, would this be bullish for US economy? FreeTrader's analyst about Banks is way out of bound. In last 4 yrs, all the things FED are doing is try to stabilize these banks. However, they are far away from stable in any measure. With the people out of work force, and personal income / spending are dropping back to 2010 level, recession in US is only inches away.

所有跟帖： 

• derivative exposures -天下多蚤- ♀ (316 bytes) () 12/05/2012 postreply 10:57:37

• 回复：derivative exposures -越王剑- ♂ (167 bytes) () 12/05/2012 postreply 11:29:52

• Sharp eye 但不苟同 -绿野- ♂ (199 bytes) () 12/05/2012 postreply 11:01:45

• so we can print to our prosperity? lol -天下多蚤- ♀ (0 bytes) () 12/05/2012 postreply 11:04:19

• Agree but temporarily,美国房价劲升6.3% 增幅6年最高 -绿野- ♂ (0 bytes) () 12/05/2012 postreply 11:09:25

• 实际上是金融公司的自动化技术又更新了。需要的人越来越少。 -蒙得- ♂ (0 bytes) () 12/05/2012 postreply 11:07:17

• 以后手机支付普及，银行会更加缩小。 -蒙得- ♂ (0 bytes) () 12/05/2012 postreply 11:24:32

• 他们的ballance sheet上还藏着很多bad assetts. 迟早要爆的。 -392- ♂ (0 bytes) () 12/05/2012 postreply 11:43:38

• Citi Group stock up 8% today... -clearskies- ♀ (0 bytes) () 12/05/2012 postreply 12:20:29