Besides, the limits on executive compensation are window-dressing for public (voter) consumption. With bonuses limited by statute, we reckon more compensation for the financial industry will move back to stock option grants. That means for the financial industry to preserve its privileged status, stock prices have to move higher.
September 8th, 2009 | Dan Denning | 6 comments | ContinuedAll Posts Tagged With: "financial world"
The World of Money Seems a Million Miles Away
When we arrived back in civilization…or at least back in Salta, Argentina…we were happy to see that nothing much had changed. Just as well. We didn’t want to write much about the financial world anyway.
April 22nd, 2009 | Bill Bonner | 4 comments | Continued
U.S. Government Spending $13 trillion to ‘Fix’ Problems
As near as we can tell, the financial world conveniently remained on hold while we were gone. As of Sunday night, little had changed. Gold, stocks…economists…politicians – they’re all about where we left them.
April 22nd, 2009 | Bill Bonner | 0 comments | Continued
