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The Foundation for FinancialService Professionals has announced the recipients of the Kenneth Black Jr. Journal Author Awards for articles published in the Journal of FinancialService Professionals in 2023. The Foundation was established by the leadership of the Society of FinancialService Professionals (FSP) in 1982.
An aging population, with more people retiring and leaving the labor force every day, can also make the numbers noisier. That’s only slightly below the high from last summer, and above anything we saw between 2001 and 2019 (when it peaked at 80.4%). in April, and it rose to a new record of 75.7%
That’s only slightly below the high from last summer, and above anything we saw between 2001 and 2019 (when it peaked at 80.4%). The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
Retirement funds had been demolished and there was very little hope. Definitional issues around labor force participation (how the unemployment rate is calculated) and demographics (an aging society, with more people retiring every day) is why I prefer the prime-age (25-54 years) employment-population ratio. That went up from 80.6%
As baby boomers retire, they leave the labor force.) Encouragingly, the prime-age employment-population ratio was unchanged at 80.9%, which is the highest level it has been since 2001. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
That’s higher than anything we saw between 2001 and 2019 (when it peaked at 80.4%). The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices. The prime-age employment population ratio was unchanged at 80.9% in September.
As mentioned previously, the prime-age (25-54 years) employment-population ratio gets around definitional issues that crop up with the unemployment rate (a person is counted as being unemployed only if they’re “actively looking for a job”) or demographics (an aging population with more people retiring and leaving the labor force every day).
We like to look at the “prime-age” (25-54 years) employment-population ratio, since it gets around definitional issues that crop up with the unemployment rate (someone is counted as being “unemployed” only if they’re “actively looking for a job”) or demographics (an aging population with more people retiring and leaving the labor force every day).
In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. RITHOLTZ: So you lasted two or three years, and then you get tapped to go to London in 2001. BARATTA: In November of 2001, when I moved over — RITHOLTZ: Sure.
So I got the job as Chief Revenue Officer of MSN in 2001. And when I told her I was leaving SoFi after four years, just ’cause I was done with my financialservices chapter until now, and she said, Hey, I’ve got a company for you in LA that I’m just about to invest in with two great founders.
And again, I ended up in the financialservices audit practice at KPMG. And then I was the beneficiary of the TMT bubble bursting in 2001. RITHOLTZ: When we’re talking about financial liabilities — SALISBURY: Yes. You have to finish the three years. I finished the three years. I qualified the following week.
The managed portfolio business began in 2001. And it began outside of financialservices. Now, when I start to think about financial advisory work, I can’t think of a place where personalization isn’t already something that advisors are wrestling with. RITHOLTZ: I remember that. RITHOLTZ: Oh, sure.
RITHOLTZ: So you also mentioned you’re at the intersection of three businesses; education, publishing, and financialservices that are all inefficiently run and deserve to be disrupted. And can we not say that financialservices haven’t been wildly disrupted over the past 40 years? DAMODARAN: Has it, though?
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