Barclays and Goldman Sachs are on the verge of announcing multi-billion bonus’. Surging profits in specialised areas of investment banking are creating new windfalls for the banks, while the broader economy remains on its knees. All the expected payouts will conform with the new standards, which call for a greater proportion to be paid in shares and deferreed over a period of years. The property market in upmarket areas are already feeling a hike in the house prices. And if the property market is improving then other markets will feel its ripple effect. This is just one year away from the announcement of global recession. Its an indication that we are coming out of a recession. Christmas just might be bright and festive!
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