Posts tagged economy
Top 10 Bear Stearns & Lehman execs made $2.4 billion
Jan 16th
The top five executives at Bear Stearns and the top five at Lehman made $2.4 billion from 2000-2008. The popular imagining was they suffered financially with the collapse of their firms. The reality is they’d already cashed in huge amounts of stock before the collapse.
From Barry Ritholtz:
Job losses as a percent of peak
Feb 9th
Ah, here’s the version normalized to the peak employment level before recession a started. From calculatedriskblog.com:
Job losses and consumer spending
Feb 9th
Is the past prelude? Here’s a comparison of job losses in all the post-WW2 recessions. Note how bad the slope is for the current recession. Be careful though, these are absolute numbers and not relative to population.
And here is the change in consumer spending over the past 50 years smoothed to six months — meaning some bad months have gotten smoothed over with the surrounding better months. Is this really the only the second time it’s gone negative in five decades? And that first time was only barely negative.
