Wednesday, September 11, 2013

How can you not taper with this news?

JPMorgan Chase could lose $15 billion from higher rates.

Let me get this straight. Jamie Dimon made a bet he could make 5 billion dollars in additional profit on rising interest rates, and it probably will net him minus 15 billion dollars. Is that what I read? Okay then. Well - carry on.

You can not escape the blood bath news of what it looks like, pretty much all the banks now. This is a clear sign the FED will tighten. Clearly. eye roll.

For the record - I think the FED should tighten. It's done barely more than create a completely artificial market. How can you accurately value any company with a market flooded with money?

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