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Sunday, September 26, 2021

JPMorgan: The Surge In Gold Is A Sign Of Eroding Confidence In Central Bank-Generated...

The past few months have been painful for many FX traders, as a result of a global economic crisis has left the major reserves currencies – USD, EUR, JPY, CHF, GBP – clustered at rate levels between roughly 0% to -0.5%, which doesn’t allow rate differentials to inspire much movement amongst them, and is also…

JP Morgan Report: Lockdowns Could Potentially Cause ‘More Deaths Than COVID-19 Itself’

Investment bank JP Morgan claims to have found that coronavirus infection rates have decreased in states where lockdowns have been lifted, and that continued lockdowns might cause “more deaths than COVID-19 itself.” Although the lockdowns may have been initially justified due to “the absence of conclusive data,” they say that the current data is in…

Former JPMorgan Economist: We Are Heading Towards A Weimar Republic Inflation Setup

Submitted by a former JPMorgan economist who wishes to remain anonymous The everything bubble Readers will have anticipated the bursting of the bubble that has been re-inflating ever since 2009. Ultra-loose monetary policy, coupled with deflationary pressures from increased aggregate supply and investors chasing yield at ever higher risk, meant that almost all asset classes…

JPMorgan: “If There Is Any Good News In This Report, Don’t Believe It”

It's perfectly fitting that in an economy which - as of tomorrow morning - will have 30 million newly unemployed workers (and perhaps as many as 50 million), and where the recession officially began after the biggest GDP plunge since the financial crisis (soon to be followed by an even worse collapse in Q2 growth)…

Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small...

With America's small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US bank, JPMorgan Chase has been inundated with more than 375,000 requests for $40bn of loans under the $350bn small business rescue scheme, a higher number of applications…

JPMorgan Now Expects A Global Depression In The Second Quarter

Earlier we reported that in a report titled "the lamps are going out all across the economy", JPMorgan's chief US economist, Michael Feroli slashed his Q2 US GDP forecast to a staggering -14%, which he optimistically expects to form the bottom of a V-shaped recovery that then lifts the US economy by +8% and +4%…

JPMorgan Admits “Without A Historical Daily Breakdown” Its Virus Model Is Worthless

When confronted with the unprecedented "one-time" revision in infected Covid cases, which added a whopping 15,000 infections to the Chinese disease total, Wall Street has responded in one of two ways. The first, as exhibited by the vast majority of sellside analysts who refuse to admit they are wrong, such as Goldman (described earlier), simply…

JPMorgan Puts Veteran CDS Trader On Leave Over WhatsApp Use

Anyone who has traded CDS has inevitably transacted with JPMorgan's Ed Koo, who most recently headed JPMorgan's single name CDS desk and who over the the past two decades, due to his corporate cash bond coverage, was axed across the entire credit spectrum giving him a unique view over the IG market. It also made…

JPMorgan Prepares For Next Recession By Shifting Jobs From NYC To Texas

A new report via Bloomberg details how JPMorgan Chase & Co. is preparing for the next economic downturn by weighing the option to relocate its Manhattan headquarters to lower-cost financial hubs such as ones in Plano, Texas; Columbus, Ohio; and Wilmington, Delaware. JPM spokesman Joe Evangelisti told Bloomberg the bank's new headquarters (likely to be…
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JPMorgan Banker Beaten In Hong Kong As Protests Rage   

A JPMorgan private banker was assaulted in front of the company's main Hong Kong offices on Friday as violence escalated throughout the city, according to SCMP.  The unidentified employee was surrounded by reporters and protesters shouting "Go back to the mainland!" To which the banker, speaking in Mandarin, responded "We are all chinese!" A protester…
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