Chinese Media Warns of War with USA Client State of the Phillipines over Oil/Fish Disputes in South Sea
England the Nation of Hate and Piracy AND Witchcraft- Mr Ed
The Euro would soar if Greece was given the boot or left. Given the financial terrorism and propaganda and lies AEP and Mr Ed deal in, I’m really surprised some government has not ordered an ‘accident’ for them both. What a viscious mouths and ill will these English have towards everyone. Truly they are the enemy of the world. A good Englishman is one pushing up daisies, there are no others it appears to me.
Some Sanity Still Left- Facebook IPO demand weaker than expected
Kercherlakota Sees Persistent Damage to Jobs Market
He would know the FED, helped Congress quite a bit with engineering structural job losses by favoring the banksters and handing out free cash to them.
Nancy Drew Anglomason, Witch Type Causes 2 Billion Dollar Loss to Shareholders at JPM
Notice her highly distorted face with one side being asymmetrical and higher than the other. That is a classic sign of demonic possession that witches show. Don’t believe that, these female witches have their own Wiccan magazine. Examine their photos in their Wiccan magazine then say go to Good Housekeeping and and examine the women’s faces there, they wont show the asymmetrical distortion. Dimon has surrounded himself with women like this and Blythe Masters as he is probably a closet homosexual like many of the Anglo-Zionists. Bizarre the financial mayhem and murder these broads and queers are getting away with on Wall Street and in London. Lust for money, piracy, withcraft and the devil all seem to go hand in hand. Ask the Harry Potter Gang at JPM in London who handed American Pension funds this loss. JPM should be sued out of existence. It should be natioanalized and broken up and people like Dimon, Masters and Nancy Drew belong in the Docket.
JPMorgan Chase & Co. (JPM) Chief Investment Officer Ina R. Drew, head of the unit responsible for a $2 billion trading loss, built a 30-year career at the largest U.S. bank by embracing risk and avoiding the spotlight.
“With everything she does, she thinks in terms of trading,” said Stephen Murray, head of CCMP Capital Advisors LLC, created from a JPMorgan private-equity unit in 2006. “There are risk-lovers, there are risk-haters, and the best traders will take the risk as long as they get paid for it.”
Drew’s operation, which helps manage the bank’s risk, has been transformed under Chief Executive Officer Jamie Dimonto make bigger speculative bets with the firm’s own money, according to five former employees, Bloomberg News reported last month. Some bets were so big JPMorgan probably couldn’t unwind them without roiling markets, the former executives said.
The loss disclosed yesterday came after an “egregious” investment-office failure tied to credit derivatives, Dimon said in a conference call. “In hindsight, the new strategy was flawed, complex, poorly reviewed, poorly executed and poorly monitored.”
Drew, 55, is one of two women who sit on the New York-based firm’s operating committee. Her office oversees about $360 billion, the difference between money from deposits and what the bank extends in loans. Dimon, 56, had pushed the unit to boost profit by buying higher-yielding assets, including structured credit, equities and derivatives, two former employees have said. The shift to riskier bets underscores how blurry the line can be between so-called proprietary trading and what banks say is hedging…
While the losses originated from the unit’s London team that reports to Drew in New York, more than one trader was responsible, according to an executive at the bank. The company is reevaluating the risk-monitoring team within Drew’s unit, according to the executive. Dimon said yesterday that “all appropriate corrective actions will be taken, as necessary.”
Faber Sees 87 Crash if Stocks Climb Higher Without QE
Hard to say, stock are rising as we have rip roaring global inflation and that results in top line growth and EPS growth. Stocks are very cheap currently. That said without QE, the USA will follow the EU into a recession. The USA is in one now, but a recession they wont be able to ‘fake it until they make it’ into the November elections. Note idiot female analyst from BAC saying ‘there is no inflation’ in article below. ha, ha. Know you know why the NWO loves females so much.
Wholesale Prices Decline In USA on Gold/Commodity Take Down by CBs
Shock from JPM New Ammunition for Glass-Steagal Crowd
“Regardless of how the final rule turns out, it will be a shock to the U.S. financial system, as banking entities will need to take extraordinary measures to attempt to implement it,” said Barry Zubrow, JPMorgan’s executive vice president of corporate and regulatory affairs, in a letter to federal regulators earlier this year. In the letter, Mr. Zubrow defended exactly this kind of trade…
Canada Adds 58,200 Jobs in April, Unemployment Hits 7.3%
Canadian employment rose almost six times faster than economists forecast in April, led by private- sector and full-time positions, to create the largest two-month increase in more than 30 years.
Employment rose by 58,200 following a March jump of 82,300 that was the biggest since September 2008, Statistics Canada said today in Ottawa. The labor force grew by 72,500, lifting the jobless rate to 7.3 percent from 7.2 percent. Economists surveyed by Bloomberg News projected a 10,000 gain in jobs and 7.3 percent unemployment, according to the median forecasts…
Stocks, Commodities Drop on JPMorgan Loss; Bonds Advance
Stocks and commodities fell after JPMorgan (JPM) Chase & Co. reported a $2 billion trading loss and China’s industrial output unexpectedly slowed. Treasuries rose, heading for their the longest run of weekly gains since Russia’s default in 1998.
The MSCI All-Country World Index (MXWD) slipped 0.5 percent at 8:35 a.m. in New York. Standard & Poor’s 500 Index futures lost 0.7 percent as JPMorgan, the biggest U.S. bank by assets, tumbled 8.1 percent in pre-market trading. The 10-year Treasury bond yield decreased two basis points and the Dollar Index advanced for a 10th day. Cotton slumped 3.4 percent and oil declined 1.2 percent.
PMorgan’s Chief Executive Officer Jamie Dimon said an “egregious” failure on its synthetic credit securities led to losses in its chief investment office. China’s industrial production grew the least since 2009 in April, the National Bureau of Statistics said. Spain said it will force lenders to raise provisions against real estate holdings in the government’s fourth attempt to clean up the financial system.
“Clearly JPMorgan got it wrong,” said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which has almost $100 billion under management. “I suspect it’s probably a one-off, but it comes during a week where we’ve seen risk off in a big way.”
The Stoxx Europe 600 Index slid 0.8 percent, extending this week’s decline to 1.6 percent. Vallourec SA (VK) plunged 20 percent, the biggest retreat since 2008, as the French producer of steel pipes for the oil and gas industry cut its sales growth forecast and reported profit that missed estimates. Telefonica SA, Spain’s biggest telecommunications company, fell 3 percent as first-quarter operating income trailed projections.
Banco Bilbao Vizcaya Argentaria SA of Spain dropped 4.1 percent and Banco Santander SA fell 2.7 percent.
The decline in S&P 500 futures indicated the U.S. equity gauge will extend this week’s 0.8 percent slide. Bank of America Corp. and Citigroup Inc. declined more than 2.5 percent.
Credit-default swaps insuring JPMorgan’s debt rose 18 basis points to 125, the highest since Feb. 16, according to data compiled by Bloomberg.
A report today may show confidence among U.S. consumers declined in May from the highest level in a year. The Thomson Reuters/University of Michigan’s preliminary index of sentiment fell to 76 from 76.4 last month, according to the median of 68 forecasts in a Bloomberg survey of economists.
The MSCI Emerging Markets Index (MXEF) lost 1.1 percent, extending declines from this year’s March 2 high to 10 percent, the level that some investors consider to signal a correction. TheHang Seng China Enterprises Index (HSCEI) slumped 1.4 percent. India’s Sensex Index slipped 0.8 percent as production at factories, utilities and mines declined in March.
Russia’s Micex Index fell 1.8 percent, with OAO MRSK Holding, the state-run power distributor, sinking 11 percent after Interfax reported it may be transferred under the management of Federal Grid Co.
The S&P GSCI gauge of 24 commodities dropped 0.8 percent. Cotton tumbled to a 21-month low. Gold futures were down 0.7 percent at $1,584.50 an ounce and close to erasing this year’s gain of 0.8 percent. Copper declined 1.6 percent. Oil fell as much as 1.4 percent in New York, heading for a second weekly drop.
Germany’s 10-year bund yield fell four basis points, while the yield on Greece’s 10-year note advanced 37 basis points, climbing for the ninth straight day. Greek political leaders go into a fifth day of talks today with Evangelos Venizelos, the socialist Pasok leader, set to press for a unity government that would avert a new election. Antonis Samaras, head of the New Democracy party, said today his sole condition for supporting a coalition government is that it guarantees Greece’s membership of the euro area.