Word: jp
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Dates: during 2000-2009
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Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...
...what helped start the rally in mid March were upbeat words from Citigroup CEO Vikram Pandit about Citigroup's profitable performance during the first two months of 2009. Friday's stock market swoon, traders say, was partly triggered by cautious comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful stuff...
...remedies Congress is in a fever pitch to approve may well end up hurting the rescue efforts. The bonus bills, which would apply to virtually every major bank - including Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley and JP Morgan Chase, as well as AIG, Fannie Mae and Freddie Mac - will probably cause many of them to simply give back the TARP money sooner than they probably should, to avoid losing their best people to foreign banks, boutique firms or hedge funds that can pay bigger bonuses. "The week's events will cause a brain drain of salespeople...
...life sucks more than my own right now. Worst part about Harvard: The blistering reality that their futures are much brighter than my own in six months. Describe yourself in 3 words: Friend to folly. In 15 minutes you are: Ordering another red-eye coffee from JP Licks. In 15 years you are: Doing a cost analysis of a gym membership versus plastic surgery...
...round of the Malloy Cup bracket. Freshman William Ahmed fell in four games in his first-round matchup with Willams’ Cameron Henry. Sophomore Richard Hill, who had earned the fourth seed in the Malloy Cup, retired due to injury in the third game of his match with JP Rothie of USC. —KATE LEIST