JP Morgan’s (JPM) CEO, Jamie Dimon was interviewed on CNBC this afternoon and made some very interesting comments. Below is a recap of some of those comments:
“We’re not planning to charge for deposits” This comes after rumors and speculation that several banks were planning to charge around...
European banks are in bad shape – and this is being VERY kind. With all of the problems that the sovereign nations are facing, the stress on the banks has been increased. Austerity is by far not a good solution for the banking industry. A sovereign default is definitely not...
Many subtle changes to the outlook. Often times the FED is a great cheerleader for the economy, but this time it is apparent that they have no good news to share. Keeping rates at historically low levels through until at least 2013 was reason to both cheer and worry. In...
China’s CPI (inflation rate) moved ahead of analysts expectations. The Chinese government has been tightening rates and reining in speculative property purchases as they have a very serious inflation problem. Remember, they dropped the mother load of stimulus two years ago that began a rapid expansion of the economy. The...
In this weeks podcast, we discussed a screen for strong IPOs. Check out the podcast here to hear more about how we came up with this screen and the theory behind it.
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