Daily Archives: February 13, 2008

John Gapper

This FT article today points out that businesses in industries other than financial services are generally more optimistic about the state of the US economy than Wall Street people.

I don’t know whether the US is in recession, is entering a deep or shallow one, or will avoid one altogether. But one thing struck me recently when talking to executives at an investment bank. They said that their financial traders were more pessimistic about the outlook than their economists. Read more

John Gapper


My Financial Times column this week is about why it would be a bad idea to regulate investment bankers’ pay, a suggestion made last month by my colleague Martin Wolf. You can read my column here and post comments below.