JPMorgan may be in trouble

wilburbear · Dec 31, 2009

http://news.goldseek.com/GoldSeek/1262193554.php

Technician · Dec 31, 2009

short, layman version?

dandxg · Dec 31, 2009

I looked with interest until saw it came from a gold bug website. I know the sky is falling or so says Schiff.

If you have something more objective, ie. Bloomberg I am all ear and eyes.

nazzdack · Dec 31, 2009

"Hello Ben? Hi, this is Jamie, Jamie Dimon, ya, I've got a big problem, just a second, WE have a big problem......"

Martinghoul · Dec 31, 2009

How long are people going to keep talking about notionals?

nazzdack · Dec 31, 2009

Quote from Martinghoul:
.....keep talking about notionals?

It's more impressive to say that you're "long" 70-trillion AND "short" 70-trillion instead of saying that you're "flat".

Illum · Jan 1, 2010

Quote from Technician:

short, layman version?

In short it means nothing. The author has no idea. Its all wash, and how this keeps coming up every few months is beyond me. JPM is not LTCM.

pitz · Jan 1, 2010

Quote from nazzdack:

It's more impressive to say that you're "long" 70-trillion AND "short" 70-trillion instead of saying that you're "flat".

Yeah, but maturity mismatch, in such a portfolio, can be amazingly destructive. And some very strange things happen in markets when supply of the physical starts drying up.