peHUB Second Opinion 11.25
Trickle Down Effects: BCE’s stock shot up as a result of the Citi bailout, since the troubled financier was one of the worrisome contingencies of the deal’s closing. Blackstone Is The Turkey Of The Year: Not sure this protest is SEUI-related, since (a) The great carry disparity is basically DOA come January and (b) It’s focused on real estate and mortgages. Get it, Blackstone owns a ton of real estate, through Equity Office and its own real estate funds. What Does it Mean: “When Harvard grads pile into Wall Street jobs, the market is probably overheated and could be heading for a tumble.” Economist’s View: Calculating exactly how much it costs to create a job: $90,323 Read why. Revisited: The whole PE-made-money-on-a-failed-investment thing with Mervyns.
