Hi Sup Forums.
I am a banker working at one of the largest IBs globally in a top 10 financial center.
Ask me anything. For the record, I believe Hillary Clinton was far and away the superior candidate, but I think socialism is the biggest current threat to globalism, the liberal world order, and long-term growth and prosperity.
Other urls found in this thread:
youtube.com
federalreserve.gov
twitter.com
Why you on Sup Forums
If I gave you how much money would I be promised how much return?
Nice LARP
this is copy pasta unless the same guy came back
define long term growth and prosperity, how do you see the world over the next 10 and then 20 years, if it were all up to you, the majority of everything is fine and right, right? Great even, there is private and there is government, and there is how they mix. The world is exactly in the state is it in. What are the most important things to look at and consider?
I'm bored and depressed from watching footage of G20 riots. I used to be a nationalist so I came here occasionally in the past
I don't do that stuff
Ask me literally anything. I don't want to divulge any specific info but ask me anything about banking, no matter how technical
Weird
>I don't do that stuff
If I gave you to give to your company how much money would I be promised how much return?
look at me I am a border faggot that want to larp. kys and sage
>but ask me anything about banking, no matter how technical
How is making money from money not the number one most important and technical aspect of banking?
I hope you newfags realize that this is a larp.
Sage
In the western world, inequality is a big one, from automation/globalization. We need to figure out how to tackle it. Real compensation for everyone has grown since 1970 but the rich have reaped greater gains and we could definitely do some redistribution to everyone's benefit. Shit like a global coordination to avoid tax avoidance would be nice.
For developing nations, per capita output should be the big focus rn, especially Africa. That will drive other good outcomes
We don't promise return. Go buy a market ETF
You keep saying that but you have yet to ask me anything about my bank. Why would I larp as a banker? If I wanted to get people mad I'd larp as Antifa or something
For/Against Global Government
this freak makes me feel so uncomfortable, i would run away if i saw him in real life. i cant put finger on what it is
>We don't promise return. Go buy a market ETF
So what does your bank do?
Just hold money? In different programs that offer potentially differing gains of interest?
Does that come from loans? And a percentage of that comes to giving to investors to make investments?
And then there is also just giving people interest regardless. Oh, maybe just that, banks get the printed money.
"but I think socialism is the biggest current threat to globalism"
Kind of like how milk is the greatest threat to ice cream, right mr. banker?
Die
>Democrat
Stop shilling.
Bankers are not democrat, they are conservative.
sauce?
Why do you think your opinion matters enough to warrant an AMA? Sage.
does globalism mean, international governments and corporations, nation building, nation organizing, nation developing? At least always in parts. International utilization and mutual benefit?
Allow people from all over the world to have access to products made all over the world, to have companies from all over the world operate in any nation in the world, to make deals with them for their resources, and property, and labor.
If you understand how retarded socialism is why don't understand how retarded a global new world order would be?
It's basically putting all your eggs in one basket, except you also set up a system where the most deceptive basket available is the one you're using and all your eggs immediately disappear because it's actually a portal to a sociopaths fridge.
You're thinking more of retail banking. I'm in investment banking, we help firms raise capital and acquire other firms.
I'm actually rabidly centrist and I think the right wing of the Democratic party (i.e Clinton and co.) is where I belong. I would vote for Trump over Bernie.
Alt-globalization is retarded. Human rights are a meme
You dislike Globalism yet you are not a nationalist. Why is that?
>I'm in investment banking, we help firms raise capital and acquire other firms.
oh, so If I gave you how much money would I be promised how much return?
It's just a casual AMA if you want to know anything about banking. Hide the thread if you want. I'm just bored m8 this bitch is ghosting me and I have no plans
What's wrong with a system of globalized capitalism?
WTF I love globalism, globalism is my favorite thing.
We don't do it like that. Firms come to us and we act as the underwriter, helping them sell shares to investors, for a fee. There's no holding money or returns involved. We do market making and other trading as part of our operation but none of what you're implying
At your bank what BI programs do you use?
In your particular department where does your data come from? How do you consolidate information to run reports and analysis?
Also, what do you think of crypto?
Bloomberg is far and away the gold standard for information and data. I've been using it since uni and I'm still floored at just how much stuff you can do on it. There's a function called BMAP which tells you the location of any ship in the world in real time, and people trade off of that, its fucking nuts.
Some people use Capital IQ as well, it is similar to Bloomberg but not nearly as comprehensive (although it has some additional features)
>how do you consolidate information
Well it depends on how it's accessed and what I'm doing with it but the answer to your question is probably Excel. like all of our models are made in Excel, using VBA occasionally.
>what do you think of crypto
I wouldn't invest long-term in it and my bank doesn't touch it. I trade it on the side algorithmically
for computer science grad student from non-target school, i'll never make to ib, right?
my other impression was also that all top programmers go to bay anyway, so who actually do quant/cs stuff at ib?
what is the best stock to invest in for quick cash big money
Why aren't you an Ancap?
also, how long do you think current banking system will hold? i feel like QE was mistake to begin with, and eurozone will fuck shit up, so will chinese bubble. do yall talk in such macro terms, or don't really care, but only about hedging upto max 5 years?
I'm actually not sure what the recruitment process is for some of our more quant roles, but it's definitely less stringent than Bay. I know this because the school I went to was a target school for banking/finance but NOT for CS, and we still had Goldman come in to do engineering recruitment
UWTI :)
Market failure is a real phenomenon that occurs
is there a science to approving mortgage amounts ? first time buyer here
Yeah and? That's not an argument
what would you do if you are cs grad? i personally would prefer bay, even though i would hate such hipster culture, but for the sake of newest tech, and possibility of startup boom.
also, im gook with little bit of accent. will never make to white bois club.
anyway, do you even like your ib job? i always fancied econ job cuz i like macroecon and geopolitics stuff, but didnt even bother as im not white boi
Because he is an impostor.
Go fuck yourself
is it true that national currency is being borrowed and our national debt is to private owners of these money printing institutions?
Is fiat currency truly a fixed scam in which we are forced into competition with each other and the vast majority can never get out of?
Your first two thoughts directly counter each other, didn't read the rest. Who gives a fuck if you work at the bank.
>For the record, I believe Hillary Clinton was far and away the superior candidate
Could you elaborate? In what ways do believe she was superior? The election strongly suggests that she was an inferior candidate who had a poor grasp on how to relate to the electorate. She never articulated a reason for running beyond "it's my turn." You can reasonably argue her policies were superior I suppose. But she never articulated those policies in any meaningful fashion. Trump is arguably bad, but the fact that she lost to him makes Clinton demonstrably worse than Trump.
You mentioned you used to be a nationalist what changed, how did you flip from that to globalism, also why do you want all of earth to turn into a single big favela ghetto and end to all human progress?
Fake and gay. Sage.
Why do you prefer Hillary's economics over Trump's? (Apart from super obvious stuff)
It won't end. War can and would fix it.
why do you idiots believe in the kooky Holocaust religion?
so when the blockchain gonna turn all in AI shitlords that get literally rape women with our memes?
QE wasn't a mistake, QE saved our shit lol. Europe is recovering slowly but surely thanks to market based reforms. Just look at spain. Greece is the exception but they are beyond fucked
About our current system...
I want to say that it'll be stable since our economic arsenal is getting better with time. By that, I mean that the level of rigor employed is insane; the Fed probably couldn't have stopped a crisis of 2008 magnitude 20 years ago. Even now I foresee central banks moving into a NGDPT regime soon that further smooths out the business cycle and ensures financial stability.
As for big banks, stronger international standards, fewer information asymmetries make me optimistic.
Yet a small part of me is still scared as fuck that we're nearing another collapse. You're right to worry about Chinese debt, for one, and I think that contagion from that is something we need to prepare for.
I personally am really concerned that regulations will be rolled back a bit too far. Niggas wanting to ditch Dodd-Frank entirely is madness, I work with people like that, they are not nearly as calm and informed as they should be yet they are the voice lobbying against regulation.
Honestly though, we should be fine. Hopefully. Maybe. Probably, though.
Not my job, but I'm assuming it just depends on local regulation and your credit??
Lots of asians in finance, don't be discouraged by your race.
Idk what I would do as a CS grad. The world is your oyster. Find out what appeals most to you. If you like finance there are many ways to break in as a CS major. But if you prefer something like security or frontend or whatever, stick to that.
I do like my job, my bank offers protected Saturdays so I can safely plan things without having to be called in. I've also always loved economics so it's nice something related for a living. It's not a white boys club dude, if anything Asians are over represented. Most of my friends are Asian.
>Hillary Clinton was far and away the superior candidate, but I think socialism is the biggest current threat to globalism, the liberal world order, and long-term growth and prosperity.
OP, your the problem! You don't even know your the problem and that makes you even worse to society!
Same recycled thread...
>QE wasn't a mistake
Kys. You are all that is wrong with finance today.
youtube.com
I landed on this video while back, was fairly convincing. I thought from the getgo that instead of QE, literal helicopter money,or massive fiscal stimulus would be better, etc. but whatevs. we'll see.
also, for job, what do you do? analyzing data and stuff? if that is the case, i think i'll just stick with bay, and do some machine learning/ai stuff b4 the bubble bursts or something. thx for tip tho.
Leave faggot.
Sage
Prosperity is a mistake. It makes people soft and cowardly.
So your data models and whatnot - is that something done at the individual/team level or does your department get application support on that stuff?
In other words, how much of your job is using data models/reports rather than creating or developing them?
Also, what is role, and at what level are strategic decisions made? Are you autonomous in being able execute your own initiatives?
Hey answer me mr pishposhmoneybagsberg i really want to know what your argument against nationalism is.
old question was here
Should I buy Gold, Silver, or Lead? Or what percentage of the three?
will London lose it Financial status once Brexit is in it's full force?
>>globalism
Why are you even here?
a pound of feathers is worth the same as a pound of gold
The state is needed to correct market failure due to information asymmetries, anti-competitive behavior and irrational decision-making.
NO NO NO NO. This is so not true, this is not what the Federal Reserve or any central bank does. This is a Ron Paul economically illiterate tool to convince you to join these weird movements that are all based on misconceptions.
Our national debt is owed to investors willing to buy it, most of whom are domestic. Sometimes, that is the central bank - the central bank often injects money into the economy by buying debt from the government. BUT THAT MONEY ISN'T COMMANDED BY SOME GLOBAL CONSPIRACY - IT GOES RIGHT BACK INTO THE TREASURY. This is a point everyone misses! It's literally just a money supply expansion!
Sorry. She was an inferior candidate. She had superior policy. But she was weak and failed to hit the same notes Obama did.
If you won't assert that you can give a specific return, tell us what function your investment bank serves that's better then buying index funds, or do you think there is no purpose. What do you think of efficient market hypothesis and if it's true what benefit is there for any specific individual or group to expend extra energy to gain an edge? Or do you guys gain an edge by cheating, insider trading and such?
Idk most of my friends were from diverse backgrounds and I realized nationalism is usually associated with shit movements that also support protectionism, social conservatism, etc. I still believe there is value in cultural diversity across the planet but time will flesh out a superior cultural mix (probably based on western culture). To that end I am a supporter of greater integration initiatives in Europe, for instance. Who wants multiculturalism when the other culture is fucking Islam lol
The super obvious stuff, lol. Way better for free trade, way more reasonable tax plan, way more reasonable regulatory plan, way more reasonable immigration, etc. etc.
:(
No, YOU don't know the problem.
Lol LKY rolling in his grave.
I'm not gonna watch this but I'm assuming he is pulling a Krugman and talking about liquidity traps and shit. I'm not educated enough to make an authoritative comment on this but I feel like that argument has a lot of Keynesian ideological strings attached. I'm a fan of market monetarism which suggests further unconventional monetary policy in a liquidity trap and is hugely supportive of QE. But again, I don't really have a strong opinion.
Also yeah I just make models in excel and pitchbooks and shit. It's interesting working on the stuff but nothing that requires super problem-solving skills like a CS job would.
On the team level, multiple people review/work on the same deals and have access to the same models.
>using data models
Well, we all use standardized models and do research to tweak them as appropriate. I don't make any new models, lol.
I'm an analyst, so I'm basically a bitch. I don't make big decisions.
Depends how Brexit goes, but probably to an extent.
Don't buy metals, buy real fucking investments my dude. Don't buy into libertarian memes.
Was Hillary your first choice in the election or would you have preferred other Republican candidates? How about Bernie vs. Rubio or Cruz? Bernie vs. Trump?
>Globalist
>Liberal
In Europe alone, you already have Germany forcing (or trying to force) Poland, Hungary and the Czech Republic to take in more migrants. You also have police forces cracking down and jailing "hate-preachers" and others who oppose these waves of rapey muslims like pic related, all just to keep the EU alive.
Now imagine that shit on a global scale.
Give me your thoughts on delcath (DTCH). Are they going for an R/S or are they getting a BO or partnership?
I think an RS would be premature, given they can file for a 180 day extension, which they can do after August. It wouldn't make sense to RS until they are forced to.
What say you, faggot?
>>human rights are a meme
So basically, why should anyone support you if you believe deep down in your heart that everyone is equally disposable and that there should be no protections, mandated by law, to protect the people either from oppressive regimes or financial corruption?
>>I identify with Clinton
And the reasons above are why Clinton lost you out of touch moron. You are not god, you work in an industry which makes a lot of money. You are not a king, you may lord over the people by manipulating government officials but you will NEVER be a king and that fact alone must eat away at your soul everyday. For all your fucking money, you will never be someone who another man lays his life down for and in fact- you are one of the most despised men in the entire country. You are a fucking sociopath but you have no power over anyone apart from financial manipulation. Must suck to be you. I have power over others and men die for me because I'm an officer with rank, something you will never understand is the IMPLICIT RESPONSIBILITY to others that LEADERSHIP carries.
It's the arms, the expression and the drastic difference in hair color between it's head and it's face.
apparently the video guy, richard koo, was one of the advisors for reagan, and full freemarketeer. just that he works for nomura, thus entirely different mind of thinking. it surely is interesting to learn a thing or two from japanese perspective, of which europeans utterly failed to do. anyway, thanks for info. im off to bed. good night.
So you think the immigrant masses flooding into the old homogeneous white nations will adopt the more rational and superior western culture, considering your cosmopolitan work and past i suppose it's easy to support that conclusion. I hope you're right instead of destroying all progress western civilization has made during the last 2000 years.
What about IQ differences though, you're not one of those people that thinks giving abbos education is going to make them into rocket scientists are you?
I lean liberal/democrat on a lot of things (gun control, foreign policy, etc) so she was my first choice, but I could see the merit in Jeb!. Cruz is too far to the right. I don't like Rubio. Trump over Bernie.
Bernie was the worst in this election, because in addition to being an economic illiterate he and all of his supporters always think they're on a moral high ground
I was told in school to believe in EMH and I still support it vigorously. Notice that I don't tell anyone what to 'buy'. I just think you will never win.
Again, we don't do investing, that's not what we do. You're thinking more asset management.
with EMH, the winners are arbitrageurs with the fastest connections and super hyper nerdy quant Rentech types that identify next level inefficiencies us mere mortals can't comprehend
Literally 0 fucking idea my dude. Is this some WSB meme penny stock? I've never dealt with it before.
>NO NO NO NO. This is so not true
How so, you seem to say the same thing in you next paragraph.
>Our national debt is owed to investors
Who are privately owned institutions, who have somehow been given national bank status and granted the exclusive right to buy these debts, that can effectively never be written off, unless the whole country were to declare bankrupt. Is this not true?
And also, does this debt not exist, because our currency, a tool for trading, was lent to our system in the first place? The ever increasing debt resulting from this has now spiralled out of control and cannot possibly be repayed, hence making the actual situation for somebody born into this system, assuming not into a family with massive wealth hoardings or even ownership of parts of this national debt, an insurmountable disadvantage. With none of the trading tool he needs available to him and the state that might have provided him with startup assistance so massively indebted, it will just need to service those debts before giving any funding to its citizens, he will have to borrow at huge rates to even get access to enough of the trading tool (money) he needs to start any kind of entrepeneur venture of his own. Is this not true?
I
just leave you big headed ginger nigger
based Japan
Don't bother arguing with this guy though, he's either clinically delusional, really hardcore god-tier troll or a legitimate textbook psychopath.
Its not formally a penny stock. Once valued at $2k+ a share. I threw $50k @ 0.02 a share. Currently pulled a lot of money on it. Since you're connected to overpriced Bloomberg, I thought you'd be more informative.
Currently up $300k, $50k above my annual salary. Although, I want a fucking yacht, and am a greedy pig that wants fuck you money. Also lots of cocaine and hookers.
Real post, not a larp... Although I have been drinking.
What's your position and how many years have you been in IB?
Good night niqqa
I mean, in some places we see that happening. There are cities in Canada and the United States where integration and multiculturalism exist successfully. I agree that European immigration policies are naive and not as well thought out as they should have been. If there is a long-term, quantifiable harm from immigration then countries will stop permitting it since it will make them more competitive. So you can't really lose, either way.
I think IQ differences are overplayed. Like in IQ and the Wealth of Nations, I find it hard to believe that the average IQ in Equatorial Guinea is 57 or whatever. I think that the majority of variation can very much be explained by culture, nutrition, education, etc.
Even if there is some that cannot be explained away, we are like 50 years away from some next cyborg singularity shit so who gives a fuck about 95 vs 100 IQ when we're all gonna be robots
I'm kidding. People need to be protected, of course. But I think the populist conception of what policy needs to be implemented is flawed and based more on feels than facts.
I'm sorry to hear that other part. Listen, people in finance are normal people. They don't control shit. Thank you for serving. My goal and the goal of many people that you would consider evil globalists is to make life as better as possible for as many people as possible. But sometimes, people get hurt. Or rather, in our current times, inequality rises. But we can fix it through logical policy that DOESN'T force us to regress into things that we KNOW are bad, like protectionism.
i have a friend who was arguing similarly with me, but we never got further than this point. He was also in finance and make big bucks, as much as I like him, he seems to have been so educated to assum that the current ((system)) is the only way, he could not fathom how money could function purely as a trading tool without interest, i.e. no reward for hoarding it. In fact, the most convincing ideas I have read would where based on "money" devalueing the longer it is held.
And no, i don't mean negative interest rates, which are just a tiny piss into the vast oceans of already existing national debts.
you make great money if you are telling truth.
Is your picture about quantum immortality?
So a load of subjective reasoning is why you aren't an ancap?
It's probably gonna be an RS my nigga.
your cyborg singularity argument can be used for about everything, do you realize that?
The money I make is small relative to my career and location. I am bottom tier in my field. Living costs are also astronomically high. We're talking studio condo living.
you aren't a banker if you don't believe elections are rigged.
money isn't meant for the masses to vote on.
loser
ny/la/sanfran? i'm in those and half of 250, i feel that i'm okay. you are doing well friend, as we continue the hunt for more.
They tried, but if they did it will roll the company. An attempt at a RS would be stupid unless necessary given a the 180 day extension on the nasdaq.
Bad LARP
What I will say is that people follow you because of the feelings you impart to them, not because of logic.
That said, on a more fundamental level, your feeling about globalism being the right solution and my feeling that globalism is delusional are just that : feelings. Life isn't science.
Final word, people want more than money and the perception from regular Americans is that the ONLY thing the globalist faction cares about is THEIR money over the wellbeing of every other American. It is hard to see how sending factories to China and then glutting the labor market by flooding America with illegals is going to help an average American. Further, from a military perspective, should China go to war with the US- you bankers just fucked the country by gutting our national economy on your pipe dream and delusions of grandeur. Sure, I suppose we could get some products from India or Mexico but you sent highly valuable manufacturing technology secrets- things which took tens of thousands of years for Europeans to learn- to China. For what? So you could make money off of a labor price displacement?
Populism is the way a king must manage his kingdom, China and Japan get this and understand this reasoning innately. China will never allow immigrants into their country and neither would Japan. This isn't some idea that is based on mere "fee fees" there is something fundamental to leaders protecting their own at all costs while carefully positioning themselves to take advantage of other leaders greed (which is what China just did to you).
Now, even if you wanted your factories back, you sold your soul to the devil and China would NEVER allow that technology to leave their country without a war.
Taxes are a mother fucker for a single with 0 dependants. Fucking brutal, actually. You might as well say I make $125k in NY.
It's not true since the concept you are peddling is wrong. It's not like it is money that the US owes interest on and is then paid to billionaires who earn off of it. There is no global cabal of billionaire bankers that make money off of central banking. That is a huge huge huge lie.
They are not private institutions in the same way a corporation is. They are operated non-profit (federalreserve.gov
They are given a large degree of independence from the rest of government; this makes them less ideological and more academic and makes them better (see the Great Moderation as an example).
>And also...
I'm not sure what you're trying to say here. But ultimately the point of debt and deficits is to stimulate the economy in the short-run so that future growth offsets the debt and creates a surplus. I know Japan is kind of fucked when it comes to this but that's largely as a result of poor domestic demand due to a shrinking, aging, stingy population. But in all honesty, the national debt, unless it puts the country into or near default, doesn't really affect citizens' quality of life. I'd rather live in Japan than Russia, lol.
Think about why debt happens. If I spend $100,000 to buy a house, am I mad that I'm in debt? No, I did that on purpose so I could buy a house. If a government spends money on infrastructure at a deficit, should we be mad because we'll need to pay it off? No, it's something our society needed.
Holy shit I just saw that. That's insane. Also, kudos user. I'm at home so I don't have Bloomberg now unfortunately.
Analyst, 2 years.
Yes, it could, it'll make everything better and more productive, so let's try to get there ASAP through good economics and global efficiency.
>I believe we have encountered, "The Bait"
Even if it's larp it certainly isn't a bad one since he has answered many questions with good reasoning
To me it seems that the west has collectively for decades done everything it can to degrade it's national competitive capabilities and capabilities in a more general sense of the word as well, i find your stance to be hopelessly náive and optimistic. We shall see what ultimately happens.
>working at one of the largest IBs globally in a top 10 financial center
DNB fag here. If you're really part of a large IB, you'll be able to state the newest trend in which Mexican drug cartels launder their money.
The complete step-by-step, which is known to all of the largest OBs, is nowhere to be found online.
just please confirm to the morons here that while there are probably many jews in IB, the vast majority aren't.
Also, what's your group?
Nevermind. Saw above that you're just an analyst.
For the record, I respect bankers and merchants for their place in society but they must know their place and leadership/social wellbeing just isn't what a merchant is good at doing. I kill people, or more precisely, figure out how the military is going to kill people in the most efficient way possible. My place in society is to end other societies and other people's way of life so that you don't have to worry about oil or whatever else.
But frankly, we could kill the bankers if we wanted to. Plenty of military coups in the past and the bankers are really starting to grind on the military higher-ups who need someone like Trump to keep the nation together. Should you ever gain a position of power at your current corporation, meditate on the fact that your life hangs in the balance of other people's decisions to support or reject you as an authority. If bankers keep going down the path of messing up the financial system, inflating the housing market, flash crashing wallstreet every other year, irresponsible oil speculating, etc. The military will eventually step in and put an end to you.