Indeed....the losses mean that JP Morgan Chase will only make around $3bn profit in this quarter rather than the usual $5bn.....
Then again, the world is going to end on the back of a banks reduced profit margin for three months.
Here we go again - banking crisis 2.0?
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Indeed....the losses mean that JP Morgan Chase will only make around $3bn profit in this quarter rather than the usual $5bn.....
Then again, the world is going to end on the back of a banks reduced profit margin for three months.
Soldato
Damnit! I had my virtual reality kit on pre-order!
It'll affect their tier 1 capital ratio, by an amount that their accountants won't like, so it's perhaps a little bit of a gloss over to say that it's just the profit that's affected - but it is certainly not going to bring them down or cause them liquidity issues.
There's two analysts I generally agree with, Kyle Bass and Hugh Hendry. Here's Hendry in pretty good form, explaining how bad things are if you really want an explanation.
:/
dear god. ok then.
"this will be the start of world war three"
it might not be, but something will be get ready!!!!!"""
Well, I do think Europe is stuffed, however we're not headed for the cataclysm the soothsayers like singularity say we are.
If you want to listen to accessible analysis that to me is honest and accurate... then I prefer Stephen King (not the author!).
If you want to listen to accessible analysis that to me is honest and accurate... then I prefer Stephen King (not the author!).
what's he going to pay them with?
and more importantly when it all goes **** up why on earth aren't they just going to go get their families drive back to the compound shoot him in the face and bury him in a shallow grave before they all move in?
one less slightly annoying mouth to feed after all.
or is he depending on the loyalty of mercenaries?
You're heading for Greek riots x10 in almost every country. Possible government overthrows, maybe even war. Massive crime and poverty.
It's still only just warming up in Greece. I mean you have the NEO-NAZI party getting 20% of the vote there or whatever they got. Same for the National Front in France. Then on the other side you have out right in your face socialists coming to power. Big upheavals coming, no joke.
It won't be tomorrow, but as Hendry says in that video, "within single digit years".
Dollars. The USA will come out tops in all this IMO.
Worst case scenario: food, gold, ammo, land.
He's a very rich guy, when stuff truly starts deleveraging he could probably start buying up land and houses for pennies on the dollar. Some people are going to come out of this rich as hell, if they make the right calls. 99% of people will come out much worse off than they are now. The standard of living for 99% of people is going to drop considerably.
ok kwerk question, if it doesn't happen in the next 10 years, will you stop listening to that guy, and all other doom mongers like him?
Or will you just say "they changed the date" like the rest of the CT guys do?
all things much easier to take from the guy than to have slowly paid to you.
dollars are a fiat currency so after a collapse they're worthless, and why would mercs want gold when they need somewhere for their family much more than shiny metal, much easier to shoot him then all move in. and they'll still have the gold
so again like in the third world shoot the guy, or just throw him out.
You think the police are going to care that some guys stole his house when they have riots to deal with?
Especially if they've got gold to give to the police as a bribe and he's got nothing but the shirt on his back.
It's already happening, they are just trying to stretch it out like Japan did. It's not going to work though, because Japan has always been running a decent current account surplus. Europe is running huge deficits. Japan is in for huge trouble too now.
7%. Kind of blows everything you say out of the water if you're so wildly inaccurate with figures.
It was France where they were getting about 18%.
http://www.globalpost.com/dispatch/news/regions/europe/france/120501/marine-le-pen-abstain-french-presidential-election
The greek Nazis got 20 SEATS not percent, my mistake.
Look up how super rich dudes live in Brazil, Russia, Columbia, South Africa, etc.
Security guards killing them and squatting in their mansions doesn't seem to be a common problem. I'm sure he'll be fine.
Marine Le Pen is hardy a neo-nazi... Kwerk, you don't seem to really have anything other than a cursory grasp of things and you're quoting from people who only get airtime when they come up with extreme views. I don't place any credibility in what you're saying.