Xiang Ji’s Bookshelf

Discussing the new market of consumer credit in Russia

There are lots of talk about banks stopped lending and how to make banks to lend again. The WSJ had an article reporting that banks lending dropped 1.4%. The story used outstanding loan balance and lending interchangably, and of course the two terms are completely different. Dick Bove had a note about how to calculate [...]

See the original video, when Jamie was on a panel and said what’s widely quoted remarks, including “We gave them the weapons of mass destruction to borrow too much,” “JPMorgan will be fine if everyone stops talking about damn (this word is apparantly not acceptible for Bloomburg) nationalizing banks,” and “this is getting kind of [...]

When everyone else is fearful, Jamie Dimon is beginning to be optimistic. He also repudiated the media myth that banks are not lending. Plenty of such talk around, but maybe most of them don’t know what they are talking about.

He cashed out right on the peak of the PE boom cycle, mid-2007.

Buffett Not Changing His Philosophy

Doug Kass Sees The “End” of Warren Buffett

Major foreign holders of U.S. Treasury Securities More Recent Data Dec 2004 Japan: $689.9 B; China: $222.9 B Nov 2008 Japan: $577.1 B; China: $681.9 B Net Purchases of U.S. Treasury Bonds & Notes by Major Foreign Sector Estimated Ownership of U.S. Treasury Securities