Subject: [PEN-L:20858] Mark Jones on JP Morgan
With a rigged gold market and a constantly strong dollar, J.P.
Morgan Chase built up a 23 trillion dollar derivative rate position that
is
ON THEIR BOOKS RIGHT NOW!
That unfathomable mega-position is one that cannot tolerate interest
rate
Mark sent this to his list. I thought that someone here might want to
comment on it.
J.P. Morgan's Enron Exposure May Exceed $2.6 Bln, Investors Say
By Michael Nol and Mark Lake
New York, Dec. 20 (Bloomberg) -- J.P. Morgan Chase Co. shares fell
amid
concern the second-largest U.S. bank's
Michael Perelman quoted M*** J:
The highly regarded Jim Bianco of Bianco
Research in Barrington, Illinois
Highly regarded by bears of generally right-wing persuasion. I once
got a spreadsheet from him in which he did a correlation on two time
series - their levels, not their rates of
Michael Perelman quoted M*** J:
The highly regarded Jim Bianco of Bianco
Research in Barrington, Illinois
saith D*** H**:
Highly regarded by bears of generally right-wing persuasion. I once
got a spreadsheet from him in which he did a correlation on two time
series - their levels,
I believe that some of the sources here are part of the group that says
that the gold market is rigged. Doug has interviewed some of those
people, but I never heard the interview. Still, I confess, that the
though to a crippled J.P. Morgan does give me some shadenfreude or maybe
even freude.