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Strategies & Market Trends : ahhaha's ahs
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From: ahhaha12/11/2013 8:38:59 AM
of 24758
 
JPMorgan Chase at Goldman Sachs Financial Services (Briefings)

Says 'I think the budget deal is a big deal'; says global economy seems to be picking up. Thinks normalizing interest rates will be a good thing. Does not fear tapering as long as the economy continues to improve; interest rates going up will benefit JPM;

I don't know who the "I" is here, probably Dimon, but these comments are indicative of a clueless, headline informed, idiot.

budget deal is a big deal? A loosening of the sequester with front end spending and back end promises at a trivial rate of an unidentifiable $28 B (and falling) in long term reduction is a big deal?

global economy seems to be picking up? Must be using the Baltic Dry Index to reach this conclusion.

normalizing interest rates is a good thing? There's no intention to raise the short rate before 2015 according to FED and repeated often in order to separate tapering from rate changes.

Does not fear tapering as long as economy improves? A reduction in Permanent only means a reduction in the unutilized pile of reserves in the reserve system. There's no connection between any degree of idle reserves and economic activity.

interest rates going up will benefit JPM? The only time that's true is when there's a demand regime for loanable funds in place; usually occurs late in a traditional cycle which we do not have.

Dimon is a marbles-in-the-mouth CNBC darling who has lost his favoritism with the 'crats with whom he remains loyal. The 'crats want to tear his bank to bits and how does Dimon respond? He eats more marbles.
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