Not Greece, worry about California: JP Morgan Chief

Mr Jamie Dimon, chairman of JP Morgan, told investors at the Wall Street bank's annual meeting that "there could be contagion" if a state the size of California, the biggest of the United States, had problems making debt repayments. "Greece itself would not be an issue for this company, nor would any other country," said Mr Dimon. "We don't really foresee the European Union coming apart."

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Pittsburgh Steelers Fan

7 years ago

With America allegedly being attacked by global investors, all bets are off. I think the gold market is likely to become very hostile. I remember Shock and Awe.

As Americans become more aware, and thus concerned about this attack, I think the markets will invert rather quickly. When America is attacked, Americans buy Bonds. I'm sure under the circumstances other nations will follow a very similar pattern. Between Tea Parties, Cognitive Infiltration and a few Black Swans, this should be an exciting year in the market.

Warning.
If you're not in control of your emotions, chances are someone else is. Most of the time the other person doesn't even know it. Sometimes they do.

The smart investor will put their money where they want to see recovery, advancement, more jobs, and better economies.

Asia rising fast? Think again

The global financial crisis, many argue, has given the shift in economic power from America and western Europe to Asia a big boost. Yet, a closer look at the figures suggests that the shift in economic power from West to East can be exaggerated. Thanks partly to falling currencies, Asia’s total share of world GDP (in nominal terms at market exchange rates) has actually slipped, from 29% in 1995 to 27% last year.

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Shadi Katyal

7 years ago

I think we in Asia instead of looking at future and present development has a phobia to compare everything with West.
We have no background of technical development and where West might be going but feel smug with idea that we will beat the West. Sun does set for all the nations but hwen is the question?
West is till around 50 years ahead of any technical development and we are just copying it . Look around and count number of patents and new fields in health,nano technology as well defense.
We are moving ahead but will time if we ever catchup. It is due to lack of Research and development and lack of any creditable Universities as compared with West.
Look around out of top 20 Universities
17 are in USA. So we must first make our learning institutes of first class before we can even think of being ahead of west.
sorry folks these are the facts

Feng Shui Masters turn their skills to investment forecasting

While financial analysts read all sorts of indexes to form a picture of the economy, feng shui experts in Hong Kong are applying their art to a similar end. Peter So, a popular local feng shui master, is trying to convince undecided investors not to purchase property in Hong Kong until 2015.

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