Dimon geezers
“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors,…
The politics of fear
“I’m getting increasingly worried about the free movement of people across Europe. It’s a very competitive world out there and my constituents resent that.”…
Party on! (or not)
“The sea’s freezing. A man won’t last long in that. We’ve drawn a bad hand this time.” “I’ve never been a good loser. I…
What are economists for?
“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
Problem solving
“FTSE 100 could hit 7,000 if the Bank of England prints more money” – Telegraph headline implicating Legal & General’s Ben Gill as the…
Muppets 1 Gollums 0
It was just past 7:00 a.m. on the morning of Saturday, September 13, 2008. Jamie Dimon, CEO of JP Morgan, went into his home…
Fixed
“Don’t fight the Fed – bet on it.” – Lee Quaintance and Paul Brodsky of QB Asset Management. In December last year, the poet…
Garbage in …
“We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not…
The Great Repression
“No government has ever commanded the resources at the disposal of our ungodly Leviathan, which consumes about 25% of the product of the world’s…
Beware false idols
“Playing with expectations works temporarily. The risk-on trade is in a mini bubble, as today’s buyers want to be ahead of the slower ones….