Imagine two ways of framing a financial trading choice. The first way is in the pseudo scientific language of finance. “An optimal trading strategy will be to go short on Greek and Spanish government bonds to exploit a high likelihood of sell off...
Derivatives need a priest
By Sell on News, a macro equities analyst. Cross posted from MacroBusiness
Tom Ferguson: Senate Banking Chair Calls Jamie Dimon to Testify -– But JP Morgan Chase is His Biggest Contributor!
By Tom Ferguson, Professor of Political Science at the University of Massachusetts, Boston and a Senior Fellow at the Roosevelt Institute. Cross posted from Alternet
It’s good that the watchdog is barking, but we’d all better watch closely to see if it will bite.
Europe is Falling Apart
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from <a href="http://www.macrobusiness.com.au/2012/05/europes-problems-multiply/">MacroBusiness.
It feels as if Europe has rolled the clocks back to 2011 as the effects of the ECB’s LTRO...Philip Pilkington: Keynes’ Alleged Totalitarianism – The ‘Malign’ Forward to the German Edition of the General Theory
By Philip Pilkington, a writer and journalist based in Dublin, Ireland. You can follow him on Twitter at @pilkingtonphil
In 1936 Keynes wrote a forward to the German edition of his General Theory. Since then it has, as far as I can see, been ignored by his defenders and held up by his most...
More Evidence of Lax Oversight of JP Morgan Chief Investment Office
As reporters keep digging into the "London Whale" story, the picture that emerges about the caliber of risk controls and management supervision at JP Morgan only look worse and worse.
Recovery Begins When Addiction Ends: An Open Letter to Jamie Dimon
By the Alternative Banking Working Group of Occupy Wall Street
Dear Jamie Dimon:
We, the Alternative Banking Working Group of Occupy Wall Street, are staging an intervention on your behalf.
Michael Crimmins: Why the Cops Should be Knocking on Jamie Dimon’s Door Soon
By Michael Crimmins, who has worked on risk management and Sarbanes Oxley compliance for major banks
The scandal surrounding JP Morgan's losses in its Chief Investment Office is not going away, and for good reason. Its trading book continues to lose money at an astounding rate. The most recent report estimates that the losses have...
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