Meredith Whitney Predicts 80,000 Layoffs for Wall St. (Bonuses will disappoint)
October 1, 2010
Recently by Robert Wenzel: Government Sachs and Its Latest PropagandaCampaign
Whitney really does her homework (one of the few on the Street that does) before throwing out numbers like this, so you have to think she is probably right in the ball park as to what is going to happen. Most of these guys (and some gals) that will be laid off will never be able to earn elsewhere the money they earned on the Street. Does this finally break the Manhattan real estate market?
Robert Wenzel is Editor & Publisher of EconomicPolicyJournal.com and author of The Fed Flunks: My Speech at the New York Federal Reserve Bank.
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