College Discussion - View Single Post - "The financial industry is likely to stagnate or shrink in the next few years..."

sup · 03-24-2008, 05:18 PM

The Economist was not very optimistic about the future of the financial industry. Does this mean that investment banking will not be as lucrative a sector as it is now? Should high school students start looking into different careers?

"The financial industry is likely to stagnate or shrink in the next few years. That is partly because the last phase of its growth was founded on unsustainable leverage, and partly because the value of the underlying equities and bonds is unlikely to grow as it did in the 1980s and 1990s. If finance is foolishly reregulated, it will fare even worse."

http://www.economist.com/opinion/dis...ry_id=10881318

03-24-2008, 05:18 PM	#1
sup Senior Member Join Date: Feb 2005 Posts: 1,156	"The financial industry is likely to stagnate or shrink in the next few years..." The Economist was not very optimistic about the future of the financial industry. Does this mean that investment banking will not be as lucrative a sector as it is now? Should high school students start looking into different careers? "The financial industry is likely to stagnate or shrink in the next few years. That is partly because the last phase of its growth was founded on unsustainable leverage, and partly because the value of the underlying equities and bonds is unlikely to grow as it did in the 1980s and 1990s. If finance is foolishly reregulated, it will fare even worse." http://www.economist.com/opinion/dis...ry_id=10881318 Last edited by sup; 03-24-2008 at 05:25 PM.