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JP Morgan Expert: True Debt, Pension, Healthcare Payments Would Consume Half of Illinois Revenue, Bankruptcy Option Needed

JP Morgan Expert: True Debt, Pension, Healthcare Payments Would Consume Half of Illinois Revenue, Bankruptcy Option Needed Michael Cembalest is Chairman of Market and Investment Strategy at J.P. Morgan Asset Management. His report released yesterday, The ARC and the Covenants, updates his earlier research comparing the percentage of state revenues needed to pay interest on […]

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The Incredible Shrinking Benefits Of Massive Japanese Money Printing

The Incredible Shrinking Benefits Of Massive Japanese Money Printing Excerpted from JPMorgan CIO Michael Cembalest 2016 Outlook, Something is wrong with this picture.  In the US and Japan, corporate profits sank during the global financial crisis.  In the US, the profit recovery was accompanied by a recovery in household income.  In Japan, however, corporate profits […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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