Economy
Related: About this forumA month ago, the rumor mill said summer vacations were
being cancelled at PIMCO and JP Morgan to prep for an autumn financial disaster. No updates since? The only thing I've heard since is that the Morgan losses are about four times worse, $8billion, not $2 bil.
pscot
(21,024 posts)being kicked around in various media.
Ghost Dog
(16,881 posts)Markets in the U.S. and some emerging economies are the best investment opportunities, according to Pacific Investment Management Co.s Mohamed El-Erian...
...The U.S. is on course for tax cuts enacted under President George W. Bush to expire at the end of this year and for more than $1 trillion of automatic spending reductions to take effect in January. Investors are exposed to risks from the so-called fiscal cliff, which could cut economic growth by about 4 percent, El-Erian said.
We would like our politicians to get their act together quicker, he said. Youre not going to see much done and were probably going to have to wait until the lame-duck session to see decisions out of Washington.
/... http://www.bloomberg.com/news/2012-07-02/pimco-s-el-erian-says-u-s-emerging-markets-are-top-investments.html
Roland99
(53,342 posts)Enron Redux Has JPMorgan Probed For Abusive Energy Trading
http://www.zerohedge.com/news/enron-redux-has-jpmorgan-probed-abusive-energy-trading
*FERC ASKS U.S. COURT TO ORDER JPMORGAN TO PRODUCE DOCUMENTS
*FERC SAYS PROBE COVERS JPMORGAN'S `BIDDING PRACTICES' :JPM US
*FERC SAYS CALIFORNIA, MIDWEST OPERATORS CITED ABUSIVE TRADING
Is there a wondrous capital structure here for Bethany Mclean to investigate? We can only assume that JEDI Morgan is 'not the Chewco FERC is looking for'.