Will it happen...???
JPMorgan Loss Could Be Next 'Shock' Event
The JP Morgan (JPM) trading blunder could result in a $100 billion loss, a contagion of its massive portfolio, and even the wipeout of its entire asset base. Even worse, these extremely risky and potentially-illegal actions on behalf of the CIO office and the "London Whale" could be the unexpected "shock" that breaks the market, derails the Fed's huge monetary stimulus, and sends us back into a global recession.
http://seekingalpha.com/article/893711- ... itle&ifp=0
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I personally believe the world fiscal situation is headed for another Great Train Wreck!
Problem is..Nobody wants to make the sacrifices needed to balance the fiscal books..."USA included!"
tj