2016 vs 2008

image

Sometimes pictures do really tell the tale. The above pic is UBS’s trading floor in Stamford in 2008.  Below is the same floor in 2016.

image

I couldn’t help but think this should give people good context on how the industry has shrunk. Make no mistake, the number of experienced workers exiting the market is not a good sign.

More and more financial firms are chasing cheap and cheerful staff at the expense of experience. In a world where knowledge of previous cycles is so invaluable we have the intern pilot flying the plane through a hurricane. This won’t end well.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s