Saturday, November 7, 2009

PIRATE PARTY TIME


Remember Lloyd Blankfein’s plea to Goldman Sachs Group bankers to lay off the big luxuries after getting their bonuses?

Well, it may have fallen on deaf ears.

A column on the Real Estate Channel cites stronger-than expected sales at the Ft. Lauderdale International Boat show last week. Lazzara Yachts, a Tampa, Fla., builder of custom boats in the $4 million range, had more sales midway through the boat show than all of last year.

Yacht reps said that much of the increase yacht demand is coming from two regions; the Northeast and Middle East. “That correlates in timing with both the big bonuses about to be handed out by several Wall Street Investment banking firms at year end, and increased oil prices in the Middle East,” the article says.

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