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Digging Deeper Into The JP Morgan Chase Loss

Professor_iStock

By know you should have heard that after the market closed yesterday, JP Morgan Chase (JPM) announced that the company lost about $2 billion on synthetic credit security investment trades taken on by its chief investment office in its London branch. Supposedly the loss was taken on poorly designed hedges in its credit risk portfolio. […]

My Gut Feeling for Today, Dec 20, 2011

crystalball

Nes gadol haya sham – a great miracle happened there. I am not talking about Europe. We need a miracle there but don’t hold your breath. I am not talking about Washington DC. There are no Maccabees there to come to our rescue. Nun, gimmel, hey and shin are the four Hebrew letters on the […]


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