JPMorgan CEO Jamie Dimon speaking yesterday at the US Chamber of Commerce. He asks that the scrutiny of bank executives be ended, applauds the help of the government believing the TARP helped the lending, though the strings attached were not expected. He also suggested that regulations need to be done by product, given the proliferation of complex financial instruments in the market. Derivatives, mortgage-backed securities, other forms of securitized instruments. Entities such as hedge funds also need to be part of the new regulations.
The trading floor buzz on whether the government's plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC's Rick Santelli
Louise Yamada, managing director at Louise Yamada Technical Research Advisors, tells CNBC hope is not an investment strategy. Her primary target for the Dow is 6,000, and her secondary target is 4,000.
Like most of you I've been following the economy and wondering what to expect next. Suze Orman was on last night and I have to admit I was a bit shocked by her predictions that the economy is going to be in recovery until 2015!I hope she's wrong but I guess our best bet is to prepare as if she's right. How are you scaling back? Is the economy changing your life in a significant way? What are you doing to save money?Here's the link where she explains the situation. I can't seem to get it to post to the blog.
Like most of you I've been following the economy and wondering what to expect next. Suze Orman was on last night and I have to admit I was a bit shocked by her predictions that the economy is going to be in recovery until 2015! I hope she's wrong but I guess our best bet is to prepare as if she's right.
How are you scaling back? Is the economy changing your life in a significant way? What are you doing to save money?
Still some smart guys out there, Be careful what you wish for!! You want a free market, bring back the short selling!http://www.cnbc.com/id/15840232?video=860916387