The Sad State of Finance

LOLfed (http://lolfed.com/page/2/)and FT Alphaville (http://ftalphaville.ft.com/blog/2009/01/19/51321/ib-salary-data-point-of-the-day/) have disparaging things to say about New York’s Fashion Meets Finance, a social service that aims to match ibankers and people in the fashion industry. 

In retrospect, maybe not such a great match.  Finance isn’t doing to great now, and from what I’ve heard, the high-end fashion industry is doing terribly too.  My guess is that both industries are likely to do very well when the economy is good, and very poorly when the economy is bad, so a couple composed of finance and fashion isn’t well diversified if the economy goes south.  My advice to both is to find someone with an occupation that is NOT highly correlated with the general economy, or better yet, someone with an occupation that is in higher demand during a recession.  You’ll all be happier with an economist anyway.