ft.com - 5/2/2009
—
illustration of dominoes depicting the role of JP Morgan in the financial crisis In the 1990s, a young team at Wall Street investment bank JP Morgan pioneered a new way of making money – credit derivatives. Within a decade, the market for these exotic securities had exploded to more than ...
philstockworld.com - 5/6/2009
—
philstockworld.com —
Well, there was no reason to adjust the
portfolio this weekend but now I’m a little concerned
(as I went short-term bearish yesterday morning) and it’s a good time to review our positions. Monday gave us a lot if cushion but that doesn’t mean we have to squander ...
(more)
$100K Hedged Portfolio Update
Comments
Blog Reactions
Weekend Linky Dinks
UpsideTrader —
... for about a month, it’s been fast, momentum money moving this market, only time will tell if it sticks. A good piece on the Genesis of the debt disaster. ...
links for 2009-05-03
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... TypePad - Word and IP Banning
Gillian Tett: Genesis of the debt disaster
Andrew Ward: Republican retreat ...
8 - Investment Postcards from Cape Town
Top Blogs - Increase SEO of Your Blog, Blogging Resources - Blog Directory —
... foreclosures that is set to begin later this year, and seeing very little sponsorship in trading volume (despite good breadth), my impression is that we most likely are in a strong correcting rally in the context of an ongoing bear market. At the same time, cash-equivalents are yielding next to nothing, so it’s unclear to what extent investors will decide that stocks are their only real alternative, which might allow a continuation of this advance. • Gillian Tett (Financial Times): Genesis of the debt disaster , May 1, 2009. In the 1990s, a young team at Wall Street ...
From NPR: Financial Time's Gillian Tett on JP Morgan and Derivatives
FinanceProfessor.com —
I listened to this on the radio tonight. It was so good, that the very first chance I had to blog it, I did. Good stuff! Fresh Air from WHYY : NPR: "Journalist Gillian Tett warned about the problems in the financial industry long before many of her colleagues. In her new book, Fool's Gold, Tett examines the role J.P. Morgan played in creating and marketing risky and complex financial products"The author is from FT fame and FT has two extracts from the book. "The first sign that there ...
Related Content
Interview With the Ghost of JP Morgan
thereformedbroker.com 2/24/2009 — Last night, I was working late in my office in the Helmsley Building, blocks away from the old JP Morgan Library on Madison Ave. A stiff wind blew through the window and before I knew it, I was face to face with the Ghost of J. Pierpont ...
The King Report: Looking at JP Morgan Earnings
ritholtz.com 10/17/2009 —
>
JP Morgan reported better than expected earnings due to fixed income revenue jumping to a record $5B (vs. -$3.6B). Earnings are $3.59B. Once again the usual suspects hailed JPM’s “fortess-like balance sheet”. Few on The Street or in ...
JPMorgan Conference Call
calculatedriskblog.com 10/14/2009 — Update: see bottom of post for Q&A.; "While we seeing some initial signs of consumer credit stability, we are not certain that this trend will continue." JPMorgan CEO Jamie Dimon, Oct 14, 2009 A few excerpts (ht Brian): CEO Jamie Dimon: “We continue ...
JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%
nakedcapitalism.com 5/28/2009 —
Folks, 24% is a simply breathtaking number for credit card losses, and JP Morgan is saying that is what it may see on its WaMu portfolio. Even keeling-over-and-dying Advanta is up to only 20% losses. Jamie Dimon, JPMorgan Chase chief executive, ...
Why Isn't JPMorgan Chase Too Big to Fail?
crossingwallstreet.com 4/14/2009 — On Thursday, JPMorgan Chase ( JPM ) will report its Q1 earnings. The results will probably be “not horrible.” Which isn’t bad, not to mention horrible.
The reason I mention JPM is that the bank hasn’t reported a single money-losing quarter since the crisis broke. That puts them in small ...
Blog Archive » Beware, commodity index rebalancing ahead
ftalphaville.ft.com 1/5/2009 — The major commodity indices rebalance their respective asset weightings once a year (or occasionally more) — and with that comes a mass dose of buying and selling. The 2009 rebalancing is expected to start sometime this week. Luckily, JP Morgan has ...
GGP and Leverage, JP Morgan Needs No More Aid, Safe as Reserve Currency
economicdiscourse.com 4/17/2009 — Trouble brewing in commercial real estate? General Growth Properties files for bankruptcy…Here are some quick stats:
Financial Highlights(In USD as of 12/31/2008)
Total Revenue
3,361,525,000
Operating Income
1,228,571,000
Net Income
26,260,000
Total ...
JP Morgan: "High Frequency Predator Traders Feast Upon The Signals Of Others"
hf-implode.com 7/12/2009 — " hen JP Morgan discusses high frequency trading, people listen. When the head of JP Morgan's algorithmic product desk Carl Carries says that high frequency trading is merely a form of parastic market making, people should run for the hills (not in the least due to JP Morgan's proficiency in ...
Small Bank Big Trouble?
baselinescenario.com 6/8/2009 — One of the more interesting counter-arguments against the idea that big banks should be broken up comes from people who play close attention to the behavior of small banks. They point out that small banks are a powerful political lobby, a point nicely illustrated by the NYT’s explanation of ...