Have a look at the wider population and you will see that this is a low number.My question is: Is the figure really an anomaly? Or given that there are hundreds of thousands of people in finance, is the figure for suicides about usual? Are people trying to connect non-existent dots?
Have a look at the wider population and you will see that this is a low number.
This will only happen when you and everyone else who believes this is a possibility stops participating in the market... My hunch is in 70 years.I think you're right. People are trying to equate these banker suicides to 1929, when (supposedly) many in Wall Street hurled themselves from ledges.
In my opinion there will be another global financial implosion dwarfing that of 2008, and its epicentre will be the sagging USA. At that time we may see a jump discontinuity in the number of banker suicides. It's still early days yet.
Also in reality, the fed has the ability to set a floor on the nominal value of the stock market. I think you've been spending too much time posting on peakoil.com and not enough time looking at the unemployment or consumer savings rates.
For my new book, Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits, I spent three years shadowing eight young Wall Street workers, including Jeremy and Samson. Given the rollicking depictions of finance life we see in movies like The Wolf of Wall Street, and the fact that these jobs are extremely well-paid—first-year investment bankers make anywhere from $90,000 to $140,000, including year-end bonuses—you might think that my eight banker informants were living the good life. But in three years, hardly an interview went by without a young banker confessing his or her struggles with depression and health problems, expressing a desire to quit, or simply complaining about how working in finance was ruining the pleasures of normal life.