http://www.cnbc.com/id/40006412 Yet Wall Street pay seems to defy gravity: Bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson. The survey shows that overall compensation in financial services will rise 5 percent this year, with employees in some businesses like asset management getting increases of 15 percent. “I did not... [more]
http://www.cnbc.com/id/40006412
Yet Wall Street pay seems to defy gravity: Bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson. The survey shows that overall compensation in financial services will rise 5 percent this year, with employees in some businesses like asset management getting increases of 15 percent.
“I did not expect compensation would come back the way it has,” Mr. Johnson said. “I underestimated the industry’s resiliency.”
One does not have to look far to see that Wall Street has found its stride again. Hot new restaurants are opening, and they are packed with traders and investment bankers. John DeLucie, the chef and one of the owners of The Lion restaurant, one of Greenwich Village’s newest hot spots, said business had been surprisingly strong since it opened in May.
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getting there we're about 5-8% off peak highs and closing fast........
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
once again, steveF pulling made up numbers out of his *ss.
nope!
studios - down 25% off peak (median Manhattan)!
one berooms - down 23%!
2 bedrooms - down 24%!
3 beds - down 37%!
4 bed + - down 50%!!!
nice try, steve!
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
rotfl, closing fast.
studios and one bedrooms fell AGAIN. Its not closing, its getting worse!
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Response by marco_m
almost 16 years ago
Posts: 2481
Member since: Dec 2008
1br in yorkville are rock solid
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Response by steveF
almost 16 years ago
Posts: 2319
Member since: Mar 2008
Still a renter huh swe? One of the few who missed the greatest buying opportunity in a lifetime (08-09)haha u loser. Keep typing with those ! your desperation is very obvious. Hope u paid your rent it's the 4th already. btw,Studios are 5-8% off peak and with the economy and markets rolling full steam ahead that limited inventory is going by by.
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Response by stevejhx
almost 16 years ago
Posts: 12656
Member since: Feb 2008
Actually, bonuses may be pretty good this year, but employment on Wall Street is about to fall again. Note the recent volumes since May - there IS NO volume on the stock market. Wall Street gets paid for every transaction, and no transactions are happening. A "big day" nowadays on Wall Street is 173 million shares; 300 million is what a big day should be.
This is again a bear-market bubble run up by cheap leverage; under these conditions, you get flash crashes when the margin calls start coming in. Gold and stocks NEVER go up or down together as they've been doing, because inflation - what gold is used for - is anathema to corporate profits, and hence the stock market.
When this is unwound - and it will be - it's going to hurt, and hurt a lot.
And apartment prices will continue to fall until they hit the level of rents; there is no economic or finance theory out that that supports otherwise.
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Response by Rhino86
almost 16 years ago
Posts: 4925
Member since: Sep 2006
Isn't the striking thing that with all the liquidity, the recovered bonuses/stock market indices and the low rate, Manhattan real estate really isnt up off the bottom, AT ALL?
And isnt it a little premature to call '08-'09 the greatest buying oppty of a lifetime when we're not even up? HA. Doesn't it have quite a quadrupling to go before it can be compared to say 1992?
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Response by inonada
almost 16 years ago
Posts: 8085
Member since: Oct 2008
In SteveF's defense, '08-'09 was actually the greatest buying opportunity of a lifetime. As long as you hadn't blown your cash hoarde on RE, and you weren't piling any new cash you had got your hands on into feeding the alligator, that is.
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Response by apt23
almost 16 years ago
Posts: 2041
Member since: Jul 2009
Ino..In SteveF's defense, '08-'09 was actually the greatest buying opportunity of a lifetime.
that is inonada, if Ben's plan doesn't end very badly as David Stockman is running around saying like a crazed Cassandra. and if the wild QE plan does blow up, it probably wouldn't make 2008 purchases look great -- unless you have the dexterity to move on a dime.
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Response by beatyerputz
almost 16 years ago
Posts: 330
Member since: Aug 2008
SteveF - you still haven't been able to unload your studios? Even Petrzitz was able to get out of the market! Where are your properties? Are they Gowanus waterfront?
Christ, this guy SteveF has been trying to sell his properties for 3 years.
SteveF - I think maybe you missed your window. It was in 2007. Or is that when you bought?
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
Man, steveF is freaking out!
> One of the few who missed the greatest buying opportunity in a lifetime (08-09)haha u loser.
> Keep typing with those ! your desperation is very obvious. Hope u paid your rent it's the 4th
> already. btw,Studios are 5-8% off peak
Putz, you can keep repeating yourself, but you are.... WRONG toots!
Studios are 24.8% off peak prices. Thats Manhattan median, tootsie.
One more time, 25% off. One quarter. You know, all you have left, Steve!
I love it.
> and with the economy and markets rolling full steam ahead that limited inventory is going by by.
Uh, putz, you said this two years ago, and last year, and...
Studios are DOWN since last quarter, DOWN since last year. Hell, they're cheaper than any point in 2008-2009. All miller samuel median Manhattan.
Can I get a...... WHOOPS.
Steve, buying in 2008-9 was a MISTAKE. Priced dropped since then!
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
> greatest buying opportunity in a lifetime (08-09)haha
if your goal is to LOSE. lol!
As I said, you should have bought stocks instead.
Sorry, honey!
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Response by Rhino86
almost 16 years ago
Posts: 4925
Member since: Sep 2006
If Manhattan RE cant rise with everything thrown at it...what can make it rise?
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Response by bjw2103
almost 16 years ago
Posts: 6236
Member since: Jul 2007
"Studios are DOWN since last quarter, DOWN since last year. Hell, they're cheaper than any point in 2008-2009. All miller samuel median Manhattan."
Not to corroborate steveF here, but interestingly, average price per square foot for studios is the highest it's been ($916) since Q3 08. I don't particularly love the metric, but it's quite a contrast to what you're saying (which is, unsurprisingly a bit misleading, since median studio prices are exactly where they were Q4 09).
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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
> If Manhattan RE cant rise with everything thrown at it...what can make it rise?
the return of delusion?
;-)
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Response by evnyc
almost 16 years ago
Posts: 1844
Member since: Aug 2008
BJW, SWE is immune to rational argument. The only correct answer is ever: the news is bad, real estate is terrible, and we're all doomed. Data be damned.
"Ironically, I'm the one actually using real data!"
Wrong - I used the exact same Miller Samuel data set.
"BJW, SWE is immune to rational argument. The only correct answer is ever: the news is bad, real estate is terrible, and we're all doomed. Data be damned."
Of course I know all this (he also LOVES pimping that thread of his) - just felt it was important to point out the rest of the facts to others. There's little point in debating with him directly.
Wow, 5% off a down year! Huge!
this article, and then the one that contradicts it, already well covered:
http://streeteasy.com/nyc/talk/discussion/15433-the-bonus-money-is-going-to-blow-your-mind?last_page=true
Keep trying, though!
steveF...longing for the halcyon days of 2006
getting there we're about 5-8% off peak highs and closing fast........
once again, steveF pulling made up numbers out of his *ss.
nope!
studios - down 25% off peak (median Manhattan)!
one berooms - down 23%!
2 bedrooms - down 24%!
3 beds - down 37%!
4 bed + - down 50%!!!
nice try, steve!
rotfl, closing fast.
studios and one bedrooms fell AGAIN. Its not closing, its getting worse!
1br in yorkville are rock solid
Still a renter huh swe? One of the few who missed the greatest buying opportunity in a lifetime (08-09)haha u loser. Keep typing with those ! your desperation is very obvious. Hope u paid your rent it's the 4th already. btw,Studios are 5-8% off peak and with the economy and markets rolling full steam ahead that limited inventory is going by by.
Actually, bonuses may be pretty good this year, but employment on Wall Street is about to fall again. Note the recent volumes since May - there IS NO volume on the stock market. Wall Street gets paid for every transaction, and no transactions are happening. A "big day" nowadays on Wall Street is 173 million shares; 300 million is what a big day should be.
This is again a bear-market bubble run up by cheap leverage; under these conditions, you get flash crashes when the margin calls start coming in. Gold and stocks NEVER go up or down together as they've been doing, because inflation - what gold is used for - is anathema to corporate profits, and hence the stock market.
When this is unwound - and it will be - it's going to hurt, and hurt a lot.
And apartment prices will continue to fall until they hit the level of rents; there is no economic or finance theory out that that supports otherwise.
Isn't the striking thing that with all the liquidity, the recovered bonuses/stock market indices and the low rate, Manhattan real estate really isnt up off the bottom, AT ALL?
And isnt it a little premature to call '08-'09 the greatest buying oppty of a lifetime when we're not even up? HA. Doesn't it have quite a quadrupling to go before it can be compared to say 1992?
In SteveF's defense, '08-'09 was actually the greatest buying opportunity of a lifetime. As long as you hadn't blown your cash hoarde on RE, and you weren't piling any new cash you had got your hands on into feeding the alligator, that is.
Ino..In SteveF's defense, '08-'09 was actually the greatest buying opportunity of a lifetime.
that is inonada, if Ben's plan doesn't end very badly as David Stockman is running around saying like a crazed Cassandra. and if the wild QE plan does blow up, it probably wouldn't make 2008 purchases look great -- unless you have the dexterity to move on a dime.
SteveF - you still haven't been able to unload your studios? Even Petrzitz was able to get out of the market! Where are your properties? Are they Gowanus waterfront?
Christ, this guy SteveF has been trying to sell his properties for 3 years.
SteveF - I think maybe you missed your window. It was in 2007. Or is that when you bought?
Man, steveF is freaking out!
> One of the few who missed the greatest buying opportunity in a lifetime (08-09)haha u loser.
> Keep typing with those ! your desperation is very obvious. Hope u paid your rent it's the 4th
> already. btw,Studios are 5-8% off peak
Putz, you can keep repeating yourself, but you are.... WRONG toots!
Studios are 24.8% off peak prices. Thats Manhattan median, tootsie.
One more time, 25% off. One quarter. You know, all you have left, Steve!
I love it.
> and with the economy and markets rolling full steam ahead that limited inventory is going by by.
Uh, putz, you said this two years ago, and last year, and...
Studios are DOWN since last quarter, DOWN since last year. Hell, they're cheaper than any point in 2008-2009. All miller samuel median Manhattan.
Can I get a...... WHOOPS.
Steve, buying in 2008-9 was a MISTAKE. Priced dropped since then!
> greatest buying opportunity in a lifetime (08-09)haha
if your goal is to LOSE. lol!
As I said, you should have bought stocks instead.
Sorry, honey!
If Manhattan RE cant rise with everything thrown at it...what can make it rise?
"Studios are DOWN since last quarter, DOWN since last year. Hell, they're cheaper than any point in 2008-2009. All miller samuel median Manhattan."
Not to corroborate steveF here, but interestingly, average price per square foot for studios is the highest it's been ($916) since Q3 08. I don't particularly love the metric, but it's quite a contrast to what you're saying (which is, unsurprisingly a bit misleading, since median studio prices are exactly where they were Q4 09).
> If Manhattan RE cant rise with everything thrown at it...what can make it rise?
the return of delusion?
;-)
BJW, SWE is immune to rational argument. The only correct answer is ever: the news is bad, real estate is terrible, and we're all doomed. Data be damned.
Ironically, I'm the one actually using real data!
Steve made up his numbers.
Mine is posted in considerable detail:
http://streeteasy.com/nyc/talk/discussion/21856-data-causing-the-screams-declines-by-category
"Ironically, I'm the one actually using real data!"
Wrong - I used the exact same Miller Samuel data set.
"BJW, SWE is immune to rational argument. The only correct answer is ever: the news is bad, real estate is terrible, and we're all doomed. Data be damned."
Of course I know all this (he also LOVES pimping that thread of his) - just felt it was important to point out the rest of the facts to others. There's little point in debating with him directly.