Q&A: For a BB sales and trading interview, what’s a good way to catch up on what’s been happening to the economy?

Posted on Aug 31, 2023 in Unique Loan Programs

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subprime mortgage news
by marsmet451

Question by chaoxiubao: For a BB sales and trading interview, ampoule what’s a good way to catch up on what’s been happening to the economy?
I have not been actively following the markets as I should have been. I need a good summary source that describes why our economy is having such trouble after subprime mortgage crisis, where it’s headed, how it got there.

Thanks

Best answer:

Answer by jkurz2008
Whew boy. You could be in trouble if your interviewer wants to know if you’re up to speed. I should note, however, that if you’re not up to speed, I don’t think you’re a good S&T candidate. What kind of trader doesn’t know what’s going on in the markets? Time is not an excuse.

You just need to read the coverage in the WSJ. Most of their articles over the last few days have dived into the fundementals. Also check out the Wiki on the subprime crisis:
http://en.wikipedia.org/wiki/Subprime_crisis

Overall, you just need to start absorbing the news and parsing what you don’t understand, and fast.

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