The average wage rate in China and to a lesser extent in Thailand has been surging, especially in the period since about 2006. The average wage in China (by month) was about US$100 in 1999. It was twice that by 2006, and at present is above US$500.
A speaker from the DG Internal Market and Services, EC, Jasper Jorritsma, knew that he was in the midst of a group, both on the panel and in the broader audience, that was largely skeptical of much of what is involved in MiFID II. Indeed, he seemed to relish a sort of Daniel-in-the-lion's-Den role.
As one of the participants in a conference in London last week said, running a traditional exchange was largely a matter of extracting rents, and with changes in technology and the economic environment it will be difficult going forward for exchanges to continue without changes in their model.
AllAboutAlpha.com attends and reports on a Bloomberg "Manager Mash-up." Vanguard's John Bogle tells a few "truths" and Topsy Founder Rishab Ghosh talks Twitter.
Nouriel Roubini to World: Probably We’re F****d. The Good News: Maybe Not ALL of Us, Only the Folks in Really Developed EconomiesOct 10th, 2011 | Filed under: Alpha Strategies, Conference report, Institutional Investing, Today's Post
By Doug Friedenberg We attended a recent meeting put on by Pershing for their prime brokerage clients at which Nouriel Roubini spoke about the near-term prospects for your favorite world, Earth, from an economic point of view. On a positive note, no large asteroids are currently headed our way, although another prominent economist, Paul Krugman, [...]
Dr. Bob Swarup, of CAIA, and a Partner of Pension Corporation LLP, in London, was the keynote speaker at the Emerging Managers Forum on July 7. He presented “The Outlook for Alternatives in Today’s Economic Environment.”
Hamlin Lovell reports from The Battle of the Quants 2011.