Sunday, October 22, 2017

Economic slowdown in USA is real, not just technical

The note comes after Amit Shah attributed the slowdown – GDP growth slid for sixth qtr in a row to hit a three-yr low at 5.7% in June qtr – to “technical reasons”.

Read: Economic slowdown is real, not just technical: SBI Research – The Economic Times

FORMER CITI CEO: 30% of banking jobs will be wiped out in 5 years 

Vikram Pandit, former CEO of Citigroup from 2007-2012, says banking will become increasingly decentralized.

Source: FORMER CITI CEO: 30% of banking jobs will be wiped out in 5 years – Business Insider