15 Replies to “It’s Probably Nothing”

  1. The writing’s on the wall. The world financial system is one giant house of cards. Its the calm before the storm. Or something. Pray to God I’m wrong.

  2. Relax everyone, hundreds of trillions in junk derivatives and hundreds more in unfunded liabilities always results in unicorns and rainbows.

  3. The “bus plunge” effect is in full swing. Note that this was a junior employee in Hong Kong, not normally an area that we follow closely in the news. But because suicides of finance employees are being promoted as news, some obscure guy half a world away that does a swan dive off the roof gets played up here.
    It’s human nature to try to see patterns in random events. And it’s human nature to actually see such patterns when none exist, too.
    Ask yourselves this: “How can I know there has been a sharp increase in the occurrence of a certain class of event, if the event is so obscure that I have no way of knowing what the base rate of occurrence was?”
    I don’t know the base rate for suicides amongst young employees in the finance industry, so I don’t know if it has increased of late. What I do know is that the rate of such events being reported in the media has increased dramatically. But we all know how much to trust the media, don’t we?

  4. Since banking, lawyering and politics have become the final refuge for society’s sociopaths, we can probably rule out suicide. These people have no shame for what they’ve done.
    That leaves termination from above as a clue to the wherefores.

  5. The average suicide rate for males in the US is 17.6 per 100,000 per year.
    J P Morgan has over 250 thousand employees worldwide.
    We would expect 45 suicides per year at J P Morgan, per year, statistically.
    I posted these stats earlier but must have upset the filter gods.

  6. This is simply taking the progressive initiative to silence witnesses before their even considered witnesses.
    Corruption trails in a year or so from now will be brief.

  7. Rita, your link refers to the exact same event described in the title link.
    Kind of makes my point, doesn’t it?

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