Oct 18 2009
JP Morgan the new Lehman Brothers: Why Make Money through Commercial Banking when you can become a taxpayer backed Investment Bank. How JP Morgan Really made the $3.6 Billion in Q3 Profits.
Toxic mortgages and credit card losses through defaults are rising at a rapid pace. This was also apparent in the earnings report from JP Morgan that reported positive earnings because of non-retail banking activities. Yet the media for whatever reason isn’t highlighting more carefully where the gains are coming from. For example, JP Morgan which [...]
Sep 15 2009
S&P 500 is The New Bubble: Current S&P 500 Value is Betting on Return to Bubble Peak, Housing Mania, and 4 Percent Unemployment.
One question that seems to pop up every so often is whether the S&P 500 is overvalued. To put it simply, it is hyper-valued. From the 666 low reached in March the index has rallied 57 percent. Unfortunately much of the rally is based on temporary government stimulus, the U.S. Treasury and Federal Reserve trashing [...]
