Suicide Wave within the Financial Sphere

[unhappycamper]

http://watchingamerica.com/News/233270/suicide-wave-within-the-financial-sphere/

Suicide Wave within the Financial Sphere
Humanité, France
By Editorial
Translated By Michael Krimian
21 February 2014
Edited by Gillian Palmer

A series of six suicides in several days has started to worry the world of finance. When a few traders in their 30s defenestrate themselves, the fear of a new stock market crash makes the financial sphere tremble.

It is JP Morgan, the American behemoth with an annual balance sheet neighboring the French GDP, which faces the heaviest hecatomb. On Tuesday, a 33-year-old trader defenestrated himself from his office in Honk Kong. A few days earlier the manager of JP Morgan’s trading department committed suicide. And just before that, at the investment bank’s London headquarters, the suicide of a vice president.

In the London financial district, the City, a representative of Deutsche Bank did himself in with a nail gun. Two other bankers, in high-profile positions with the investment bank Russell, have also made lethal jumps.

This series of suicides worries the financial sphere. The series of 11 traders who had committed suicide a few weeks prior to the 1929 stock market crash has left a vivid memory. Must we see in these six suicides the omen of a financial meltdown? The Financial Post is perplexed and has announced that Bank of America, Goldman Sachs, JP Morgan, Credit Suisse and other major banks have sent messages to their young traders to encourage them to relax. Pinpointing which sector might initiate the stock market crash remains impossible. The bankers who have committed suicide are high ranked people, with the exception of the last death, a trader on the Forex market (short for Foreign Exchange), where national currency is traded.


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I had to look 'defenestrate' up:

http://www.merriam-webster.com/dictionary/defenestration

de·fen·es·tra·tion
noun \ ( ˌ )dē-ˌfe-nə-ˈstrā-shən\
Definition of DEFENESTRATION
1
: a throwing of a person or thing out of a window
2
: a usually swift dismissal or expulsion (as from a political party or office)
— de·fen·es·trate transitive verb
Origin of DEFENESTRATION
de- + Latin fenestra window
First Known Use: 1620

[yeoman6987]

1. A nail gun?

Ouch. There has to be other ways. I mean I feel for people who are suicidal even financial people, but a nail gun? I always find it amazing that the rich commit suicide due to losing a portion of their wealth, but the poor who have nothing do not commit suicide. I am glad about that of course, but find it interesting to see how losing a potion of wealth causes people such depression that they can't seem to find a way to deal with it but suicide.

[Warpy]

5. Suicides are more a product of whim than anything else

Many say they have no fixed plan, then they walk home from the doc's office over a bridge and jump. The ones with a plan generally drink to fortify themselves and they are the ones who fail, even when the means is a gun.

That nail gun was just there at the same time he didn't want to put in another second on this earth. So he picked it up and fired.

I've seen that most of those guys are in their 30s, starting to see the spectre of being replaced by some hot shot right out of school who will work cheaper. The job has consumed every waking minute for 10 years or more and they have nothing else except the debt they acquired trying to keep up with each other. The push to increase paper profits for people who are already insanely rich is tremendous and a reason why so many of them have had to skirt or violate the law to keep up.

There are plenty of reasons for them to off themselves, in other words, that have nothing to do with an impending crisis and everything to do with an inhumane and unsustainable system.

Yes, it's spooky, but I'm only surprised that more don't jump, fire, or rope themselves off this mortal coil.

[Laelth]

2. k&r for the word "defenestrate." Learned something today. n/t

-Laelth

[AnneD]

4. That had me going.....

to the dictionary too-and that doesn't happen often.

[GeorgeGist]

3. Honk Kong?