Tuesday, May 1, 2012

Exponential Trend Failure of the Day

Click to enlarge.

May 1, 2012
Bank Of America Keeps Getting Leaner, 2000 More Jobs Cut

Brian Moynihan wasn’t kidding last year when he promised to transform Bank of America into a “leaner” company.

Source Data:
St. Louis Fed: Custom Chart


Mr Slippery said...

The number of total full-time employees at BofA has dropped 3.5% to 278,700 from 289,000 in the first quarter of 2011.

All I can say is, 278,700 to go.

Stagflationary Mark said...

Mr Slippery,

There's an article I *really* want to heckle concerning Corporate America's massive hoard of cash.

The FRED database is undergoing maintenance though. Oh the humanity!