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View Full Version : Pity the poor investment banker. The IPO gravy train is making fewer stops these days



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07-21-2010, 08:00 AM
Pity the poor investment banker. The IPO gravy train is making fewer stops these days. - By Daniel Gross - Slate Magazine (http://abnormalreturns.com/links/174342/visit) (www.slate.com)
by grossdm 29 minutes ago
Let's pause and shed a tear for a class of American workers who are suffering unduly thanks to big, uncontrollable trends in the global economy. The rise of China and heightened government involvement in the U.S. economy are placing sharp downward pressure on their wages. The slowdown and uncertainty in the markets is reducing demand for their services. They've become political punching bags.

see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/21/2010#174342)