Morgan Stanley CEO James Gorman tells us he's getting 100,000 resumes a year. "We're not looking to cut jobs, we're actually trying to hire people," he said. "We've certainly got a lot of open positions here."
"Markets are bouncing a little bit. And over the next 18 months, we'll see more of that as the Fed starts to move" - Morgan Stanley's James Gorman finance.yahoo.com/news/big-banks-warn-that-fed-induced-market-volatility-is-coming-soon-192917136.html
After a blow-out quarter, Morgan Stanley CEO James Gorman doesn't see anyone dislodging the largest investment banks anytime soon $MS 👇 "It's pretty hard to be a wannabe or a new entrant, trying to break into the group that is dominating" www.ft.com/content/fe68be0f-6496-4437-b223-068dfc7179d3
SCOOP: @MorganStanley has backed off CEO James Gorman's edict employees must return to the office by September, @FoxBusiness has learned. Employees are given a choice to work from home or office if vaxed Today vaccinated employees can begin office work every day. $MS developing
14 October, 2021 - 02:12pm
Gorman realizes that Bitcoin will not die, contrary to JPMorgan CEO Jamie Dimon, who recently reiterated his past skepticism of BTC. "It's got no intrinsic value. And regulators are going to regulate the hell out of it," Dimon said.
"I don't think crypto is a fad. I don't think it's going to go away," Gorman said on the bank's third-quarter earnings call with analysts Thursday morning. "I don't know what the value of Bitcoin should or shouldn't be. But these things aren't going away, and the blockchain technology supporting it is obviously very real and powerful."
Like other executives in his line of business, Gorman believes in the fallacious argument "blockchain, not Bitcoin."
Contrary to common assumptions, blockchain technology is not the ground-breaking innovation that Satoshi Nakamoto brought to the world. Without bitcoin, the currency, blockchain is rendered useless. As Parker Lewis articulates, the innovation is Bitcoin, not blockchain.
"Ultimately, a blockchain is only useful in the application of money because it is dependent on a native currency for security," Lewis wrote. "Bitcoin represents the most secure blockchain by orders of magnitude. Because all other blockchains are competing for the same fundamental use case of money and because bitcoin's network effects only continue to increase its security and liquidity advantage over the field, no other digital currency can compete with bitcoin.
Liquidity begets liquidity and monetary systems tend to one medium as a derivative function. Bitcoin's security and liquidity obsoleted any other cryptocurrencies before they left the proverbial gates."
14 October, 2021 - 12:51pm