A Dual Strategy to Balance Banking Sector Trade [View article]
I wouldn't touch JPM. The timing is uncertain, but with its derivative book and net exposure versus risk-based capital, it is a guaranteed zero sometime in this credit cycle. And unfortunately when JPM finally bites it, the government will be out of money (i.e., won't be able to print enough to make it happen).
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I wouldn't touch JPM. The timing is uncertain, but with its derivative book and net exposure versus risk-based capital, it is a guaranteed zero sometime in this credit cycle. And unfortunately when JPM finally bites it, the government will be out of money (i.e., won't be able to print enough to make it happen).
Nov 04 10:58 am
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