The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the…
Man-o man did the Morg screw up! Let me count some of the ways:
– It announced a $2B loss, but everyone in the market knows its trading book, so the losses have nowhere to go but up.
– Investors took JPM’s stock behind the woodshed and beat it with …
