JP Morgan Claims $2 Billion In Losses, Dodd Frank – Volcker Rule Speculation Rises: JP Morgan chief executive officer Jamie Dimon revealed to the press yesterday that the company would be taking deep losses in the next quarter due to errant trading that cost the company billions. Investors were caught off guard when JP Morgan…
French Bid Sarkozy Adieu, Austerity Is Dead: What Does This Mean For President Obama? Nicolas Sarkozy has lost the presidency to Francois Hollande. Francois Hollande is the first French Socialist president in nearly two decades and the election held today confirms austerity in Europe is dead. France and Germany have been major backers pushing for…
Busy Week for Economic Data & Earnings Begins With April 2012 China HSBC PMI Up, Hollande Wins First Round: China HSBC PMI April 2012 Up China started the week off Sunday with PMI data showing an improvement from the prior month. The HSBC Flash Purchasing Managers Index, rose from 48.3 in 2012 to a reading of…
Mitt Romney Set To Be Republican Presidential Nominee – Jobs Growth In Focus Again: Mitt Romney is set to be the Republican presidential nominee now that Rick Santorum has suspended his campaign indefinitely. The Republican party needs to be unified if they want to beat President Barack Obama who will work hard to remain in…
Santorum’s Wins In Alabama and Mississippi Make Calls For Gingrich To Leave Race Grow Louder: Newt Gingrich failed to win a primary yesterday in the South which is causing some to wonder why he is still in the race. Gingrich didn’t win primaries in states neighboring Georgia and Rick Santorum, from Pennsylvania, was able to…
