Friday, September 27, 2013

Bespoke Investment Group - "Confidence Gap" Widens to Record Levels

Bespoke Investment Group  - "Confidence Gap" Widens to Record Levels
"..on a six-month moving average basis, the spread between the two income groups is now at a record high of 27.85."


Wednesday, September 25, 2013

JPMorgan in talks to settle government cases for $11 billion, person says - The Washington Post

JPMorgan in talks to settle government cases for $11 billion, person says - The Washington Post: "JPMorgan Chase is in talks to pay state and federal authorities $11 billion to resolve investigations into its sale of shoddy mortgage securities during the financial crisis, a person familiar with the talks said Wednesday."
"Yet it amounts to a sliver of the losses incurred by investors who purchased mortgage securities that turned sour when the housing market crashed in 2008."