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To: ggersh who wrote (64644)4/11/2012 10:09:18 PM
From: Smiling Bob
   of 102564
 
JP Morgan CEO: corporate America in great shape
By Angel Gonzalez

HOUSTON -(MarketWatch)- JPMorgan Chase & Co (NYSE:JPM) Chief Executive Jamie Dimon said Wednesday that the U.S. economy is on the mend, with businesses rich with cash after having weathered the worst of the financial crisis.

"Corporate America is in great shape," Dimon said during a talk at Rice University. "A lot of cash, a lot of capital."

"The great American business machine" is "starting to hum," he added.

The executive said that recovery could have probably been speedier without the political spat about raising the debt ceiling, which fostered uncertainty among investors. "I think that this dramatically slowed down" recovery, he said.

Dimon said that China will "pretty much accomplish its objectives" for growth, at least in the short term, as it's a carefully managed economy. Europe remains in crisis, though; in order for Europe to sail out of its current crisis, Italy and Spain need to establish austerity and growth plans that are believed by investors, Dimon said.

If Greece had defaulted when its debt problems became clear, it "wouldn't have been a big deal," Dimon said. But a Greek exit from the euro would have been "catastrophic," as it would have triggered a run on Italy and Spain. It would also have sown confusion among investors and businesses trying to assess whether contracts would be priced in euros or in local currencies. "When they restructure the euro treaty, they should allow an orderly exit," he said.

Dimon said he disagreed with Dallas Federal Reserve president Richard Fisher's proposal to break up the largest banks in the U.S., as American banks need size to compete with behemoths from China, Europe and Brazil. "We need big banks," he said. However, flawed institutions should be allowed to collapse without bailouts, he added. "We've got to get rid of 'Too Big To Fail,'" he said. "It should be called 'bankruptcy for big dumb banks.'"

Despite strong investor interest in gold, Dimon said he would rather invest in what he called productive assets.






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To: posthumousone who wrote (64646)4/11/2012 10:13:36 PM
From: TH
3 Recommendations   of 102564
 
PH,

Bro, news has a four hour half-life. Thus, in just over 24 hours it doesn't even have enough mass to be a memory.

I see Yellen coming out and contradicting the four or five Fed clowns that have said, "NO MORE", as a sign of desperation. My hunch is that it backfires on the Fed, as the jawboning has run it's course. The market may not move until there is a real plan for QE on deck. And right now, I'm not sure politically Berspanky can pull it off.

But, maybe a bigger point, and one that fits with your quote, is that they will say anything on any given day to accomplish some objective. And markets really shouldn't be about that, IMO.

All the while, we know earnings are gearing down. AA goes into rally mode on a, "beat", that was nicely reduced and set up like a T-Ball for 7 year old's.

Fark, I don't know the answer. Not even close.

GT
TH

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To: TH who wrote (64647)4/11/2012 11:00:51 PM
From: ggersh
   of 102564
 
LOL...

TH,

yep the ten is the trade, I wouldn't short it w/Pimpco's
money, well maybe w/their money I'd take a shot. -vbg-

I'm thinking a top is in,something ain't smelling kosher,
JPM whale or whatever, can't put my finger on it ....

ggersh

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To: Smiling Bob who wrote (64648)4/11/2012 11:09:12 PM
From: ggersh
   of 102564
 
Biggest POS alive......


"Despite strong investor interest in gold, Dimon said he would rather invest in what he called productive assets"

And exactly WTF might they be Dimon you POS....

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To: ggersh who wrote (64651)4/11/2012 11:18:46 PM
From: TH
   of 102564
 
g2,

Why shares of JPM, of course <g>

Dimon. I wonder if his silverware is silverplate or the solid stuff.

GT
TH

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To: TH who wrote (64652)4/11/2012 11:23:49 PM
From: ggersh
   of 102564
 
TH

ROFLMAO.....does he know the difference? -g-

ggersh

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To: ggersh who wrote (64653)4/11/2012 11:28:28 PM
From: TH
1 Recommendation   of 102564
 
g2,

Probably not, but that is what he has Blythe Masters for. You know, when she is over doing the, "late night" work, Jamie has her setting his table and counting his gold bricks (he keeps them at home, as deep, deep down inside, he doesn't really trust banks or bankers...he just knows too many of them).

Fxxx Jamie Dimon. That guys believes his calling in life is to screw as many people as possible and then get a medal.

It's like when they gave Kissinger the Nobel Peace Prize for bringing peace to Vietnam...two years before the America troops were driven out.

GT
TH

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To: TH who wrote (64654)4/11/2012 11:31:31 PM
From: ggersh
   of 102564
 
TH,

Ms Masters a jack of all trades a "Master" of none...

sorry I couldn't resist.....-vbg-

ggersh

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To: prometheus1976 who wrote (64277)4/11/2012 11:54:13 PM
From: LLCF
1 Recommendation   of 102564
 
10 recommendations for: "I've been in the same situation"- Hmmmmmm, really? TEN RECOMMENDATIONS??? 10 posters here feel like they know what it's like to be this guy???? REALLY???

Interesting stuff... Did you all get off?? LOL, well I think we can assume that was "hyperbole" or a slight exaggeration.

Just bringing a little "context" to the situation. :))). Sometimes a week or two is an interesting "lens" with which to observe things through. :))

DAK

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From: TH4/12/2012 12:17:13 AM
3 Recommendations   of 102564
 
OT,

This is too funny not to post.

now.msn.com

The part with the sign that says, "pay attention to the cat" and he turns his head KILLS me. Too funny for words.

GT
TH

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