Financial Surveys & Statistics
Here are some random, but relevant statistics that I’ve collected the past week.
57% – Nearly 6 in 10 Americans now say they are spending less money than they used to, and 38% say this reduced spending will be their new, normal spending pattern. (Source: Gallup)
2.6 Million – The number of gallons of water in a shark-filled aquarium in a ritzy Dubai mall that sprung a leak last Thursday, sending shoppers scattering. None of the 33,000 fish inside was harmed. (Source: Associated Press)
75% – Percent of today’s workers expect to continue to work for pay after retirement. Fifty Percent (50%) of those aged 50 to 70 have postponed their expected date of retirement and 66% say they are waiting to retire because they need to rebuild their financial resources. (Source: Metlife Mature Marketing Institute)
$20.3 Billion – Wall Street bonuses paid out last year, up 17% from 2008, but down about a third from 2007. The average bonus for workers in the industry last year was $123,000. (Source: New York state Comptroller Thomas DiNapoli)
702 – The number of U.S. “problem” banks as of Dec. 31, a 27% increase from the 552 banks at the end of the third quarter and the highest level in 17 years. Problem banks account for 8.7% of all U.S. lenders. (Source: Federal Deposit Insurance Corp.)
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Basically, chances of identifying some sort of new trading strategy that hasn’t already been incorporated by the market is slim. You’re up against hedge funds and investment banks that each employ dozens and dozens of quants who have years of experience, accumulated algorithms and insight on there side.
Sure they may not be a “big deal” today but in many states “open and hostile” use of someone else’s property is a way to acquire title. Also your title insurance policy won’t be of any help because they exclude any matter shown on a current survey.
This is in direct contrast with the idea of equity theory, the idea is to have the rewards (outcomes) be directly related with the quality and quantity of the employees contributions (inputs). If both employees were perhaps rewarded the same, it would help the workforce realize that the organization is fair, observant, and appreciative.
Consider your own job. Is it to increase productivity or to avoid problems. If it is to avoid problems do nothing unless you manager tells you that is wrong and what to do right. If it is to improve productivity. Do it, tell your manager what you are doing. If you get no management support quit and work for a good manager.
An individual will consider that he is treated fairly if he perceives the ratio of his inputs to his outcomes to be equivalent to those around him. Thus, all else being equal, it would be acceptable for a more senior colleague to receive higher compensation, since the value of his experience (an input) is higher.
Consider your own job. Is it to increase productivity or to avoid problems. If it is to avoid problems do nothing unless you manager tells you that is wrong and what to do right. If it is to improve productivity. Do it, tell your manager what you are doing. If you get no management support quit and work for a good manager.
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