The world’s economy is recovering and should improve further this year. Consumer spending increases and the availability of cheap capital will be a bonus for banks. JP Morgan (JPM) is perfectly positioned to take advantage of this trend.
JP Morgan has master banker Jamie Dimon at the helm Read the full story
Not only do bankers have those great banker hours, but they also have a license to print money!
Some of the greediest banks handed out billions of dollars worth of real estate loans to people that couldn’t actually afford them.
When the real estate bubble went bust, the worst offending banks should have gone out of business. But, the taxpayer ended up being on the hook for the losses due to the bailouts. Read the full story
Monday
Earnings Announcements: Novellus (NVLS)
Tuesday
Economic Reports: Core PPI, PPI, Retail Sales
Will this be the month that we finally see inflation take hold? If expectations come true, it very well could be. PPI is anticipated to show an increase of nearly 1%. Core PPI (which excludes food and energy costs) is expected to show an increase of 0.10%. Read the full story
