Word: chased
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
What does all this mean to personal investors? Be cautious, and don't chase dazzling performance numbers. Economic recovery may indeed arrive early in China, or at least before it appears in the US. But government stimulus does not naturally translate into sustained private investment, so there will likely be nasty hiccups along the way. So far, at least, most Asian stock markets seem to be blissfully unaware of that risk...
Mere months after the financial system almost collapsed, banks are making money again. One after the other, they've reported big profits for the first quarter: $4.2 billion at Bank of America, $3 billion at Wells Fargo, $2.4 billion at JPMorgan Chase, $1.8 billion at Goldman Sachs, even $1.6 billion at Citigroup - which lost $18.7 billion...
...more or less intact. This seems like a terrible cop-out, until you consider that this financial crisis wasn't initiated by the banks - that is, FDIC-insured depository institutions. It was a crisis that began among and devastated the shadow banks. A few banking companies - Citigroup, UBS, JPMorgan Chase - did become deeply entwined in the shadow-banking system through their investment-banking arms. But banks, narrowly defined, weren't the big problem. So letting the banks, narrowly defined, squeak through reasonably unaltered might not be such a bad move...
...bankers and corporate executives don't understand the need to modify their behavior, Obama's financial plan could come crashing down. There is a minirebellion going on right now among executives, from JPMorgan Chase & Co. to Chrysler, who don't want to take government loans because they won't be able to gorge on their usual bonuses. "The plan to buy up toxic assets is going to evolve very slowly, if at all," an investment banker told me. "The banks don't want to take the haircut, and the hedge-fund managers" - who would partner with the government...
...Streeters looking for a new career. The dean wanted to expose the students to someone with real-world finance experience at a time when the financial markets seemed more confused than ever. Chrin had just completed one of the most notable acquisitions of his career, advising his firm, JPMorgan Chase, on the purchase of Bear Stearns. In mid-January, Chrin called the dean to say he had found someone: himself...