By Katie McBride – Bleacher Report|April 20, 2017|3:27pm PDT”When the market collapses it will be the rich,” said former Goldman Sachs analyst Jim McNichols during a panel discussion with the financial services industry’s top investment bankers.
“I don’t think there is anything in the business of investing that is going to be more important than a good understanding of the market.”
The panel, moderated by Barclays Bank’s chief investment officer, Brian Johnson, focused on the impact of the housing market’s collapse on the global economy, particularly on the U.S. financial sector.
The panel was moderated for the first time by Jim McNichels, the former Goldman investment banker who has been named the next chairman of Barclays.
It included representatives of several major U.K. banks and investment funds, including Morgan Stanley, Societe Generale, Capital One, Barclays, BNY Mellon, and UBS.
The participants included former Barclays CEO, and current Goldman Sachs investment banker, Jim McNicolins.
The topic of the panel came up at a press conference earlier this week, when Barclays announced that it would no longer fund any new residential investment projects.
Johnson said the decision was a “good thing” for the global financial system.
Banks and other investment firms are increasingly worried about the impact that a major global downturn would have on their balance sheets and their bottom lines, as they struggle to make money on the housing bubble that burst in 2008.
They will need to find a new source of revenue to stay afloat, but Johnson said the financial crisis is a very different kind of event than the one that triggered the Great Recession.
“We saw a real estate bubble burst.
We saw the mortgage meltdown,” Johnson said.
“Now, we’re seeing the housing crisis.
We’re seeing a real-estate crash that has been quite catastrophic, but also one that has not been a full-blown financial crisis.”
The question is what is the source of the crisis that we are in?
“The financial crisis was a financial crisis for the wealthy, the largest part of which is a huge part of the U., Johnson said, including the U, British, and Japanese financial sectors.
A key part of that is the fact that the global stock markets are overvalued, and the banks that have done very well in this crisis are not the ones that are going to go out of business.”
Johnson said that banks are taking the long view, and that the crisis will not impact the U’s long-term viability as an international financial center.
“The financial markets are not going to crash in this country,” Johnson added.
“The financial system is not going up in smoke.”
A large portion of the economic fallout will be felt in the US., where the UBS Global Wealth Study found that the number of households that are now considered wealthy is down from over 250 million in 2015 to a little more than 100 million in 2021.
That’s because the vast majority of the households that qualify for a bank’s “safe harbor” are still in the middle class, and are either single parents or are not wealthy enough to qualify for private-sector banking.
Johnson suggested that this may change if the Ubs Global Wealth Survey found that those who were considered the middle-class, were living in areas that were experiencing high unemployment and low housing values.
But, McNicholas added, the biggest impact on the economy will be in the global South.
For example, the Ubbes Global Wealth Report found that in the first half of the decade, nearly 1 in 10 households in South Africa were considered wealthy.
But the Ugbans wealth has been declining, and there is a lot of money sitting in the banks’ balance sheets.
In addition, the Global Wealth report found that more than a quarter of the wealth in the South African household is in the form of property, and only a third is in stocks.
There are also signs that South Africa is in a period of rapid economic change.
At the end of 2016, the South Africa Consumer Price Index was up by over 2 percent compared to 2015, and more than 2 million South Africans were unemployed.
That was the first increase since 2000, and Johnson noted that it is an indicator of the global economic slowdown.
However, he noted that this trend will not continue.
We are not experiencing a global economic crisis, Johnson said in response to a question about whether the Ugdans data is indicative of the broader economic downturn.
The Ubbys data shows that the Usses of the economy has been growing very slowly, and we are seeing the trend continue,” he said.
“The economic slowdown will have a much more pronounced impact on South Africa than it would in the rest of the world, and it will impact the South Africans economic growth in the long