Archives for: Jp Morgan

3

Abolish central banks and slay the zombies

by Mitch Feierstein about 4 months 2 weeks ago

  It’s different this time, or is it? The US Federal Reserve, the Bank of England, and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. Global central banks have magicked-up hundreds of trillions of dollars in debt and guarantees. Global stock market valuations are stratospheric—buoyed by stock buybacks, funded by record corporate [...]

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0

Volcker Rule: Too Big to Enforce

by Mitch Feierstein about 1 year 6 months ago

As the initial shocks of the financial crisis of 2008-09 began to subside, policy makers – shattered by the scale and velocity of what they had just witnessed – started to think about earthquake prevention measures: how to stop the same thing happening all over again, One of the simplest, and best, such suggestions came [...]

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1

Wall Streets Latest Dirty Little Secret – The Fix Is In

by Mitch Feierstein about 1 year 10 months ago

At yet another select committee recently – they’ve been doing a good job – Vince Cable was grilled about the huge leap in the Royal Mail’s stock market value. As you’ll remember, the firm was floated at 330p a share and traded as high as 600p in November, a rise of 82% in a few [...]

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Henry Paulson. “Hank”. Remember him? Lean, balding, the flared nostrils of a man perpetually haunted by the memory of having to clean dog’s mess from the shoes of his neighbour’s children. Of the crisis in 2008, he said, “Where I come from, if someone takes a risk and they’re going to make the profit from [...]

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On 15 September 2008, Lehman Brothers, a “bulge bracket” investment bank, filed for bankruptcy. That should have been no big deal. The failure of a single, poorly run institution should have had no broader effect on the domestic US economy, let alone the global one. Things didn’t pan out that way. Lehman Brothers was the [...]

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22

The World in 2013 – Some predictions

by Mitch Feierstein about 4 years 5 months ago

  The return of the undead Berlusconi to return to Italian politics. Mario Monti to quit (and return to Goldman Sachs for a annual honorarium of $50,000,000). The Italian long bond to go to 600 basis points over bunds. Investors to notice that Italy is still in the position of having massive debts and a [...]

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1

A Hundred Billion Here A Hundred Billion There

by Mitch Feierstein about 5 years 2 days ago

Earlier this week, on 21 May, the Financial Times ran a short piece which opened thus: ‘There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100bn or so of emergency liquidity provided by the country’s central bank – approved secretly [...]

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