Bloomberg: Service Industries in U.S. Kept Expanding in March: Economy

Bloomberg

Service Industries in U.S. Kept Expanding in March: Economy
By Alex Kowalski - 2012.04.04 12:42 PM

Service industries in the U.S. grew in March, capping the strongest quarter in a year and indicating the world’s largest economy will keep generating jobs.

Finance·Money, Jamie Dimon

It is JPMorgan's responsibility to "stay actively engaged" in policy debates that will affect our company" and that doing so is a "constitutional right." You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.

- Jamie Dimon, JPMorgan Chase CEO, in his annual letter to shareholders, April 4, 2012

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http://money.cnn.com/2012/04/04/news/economy/jamie-dimon-lobbying/index.htm
http://finclip.blogspot.com/2012/04/cnnmoney-jamie-dimon-lobbying-is-good.html

Finance·Money, Jamie Dimon

But the result of the financial reform has not been intelligent design. Simplicity, clarity and speed would be better for the system and better for the economy.

- Jamie Dimon, JPMorgan Chase CEO

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http://www.bloomberg.com/news/2012-04-04/dimon-rails-against-contrived-and-confusing-rules.html
http://finclip.blogspot.com/2012/04/bloomberg-dimon-letter-derides.html

Finance·Money, Michael Driscoll

He(Jamie Dimon)’s combative by nature. And like a lot of these alpha dogs, when he’s backed into a corner, he’s going to bark back.

- Michael Driscoll, visiting professor at Adelphi University in Garden City, New York.

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http://www.bloomberg.com/news/2012-04-04/dimon-rails-against-contrived-and-confusing-rules.html
http://finclip.blogspot.com/2012/04/bloomberg-dimon-letter-derides.html

Reuters: Americans brace for next foreclosure wave

Reuters

Americans brace for next foreclosure wave
By Nick Carey

GARFIELD HEIGHTS, Ohio | Wed Apr 4, 2012 7:09pm EDT

GARFIELD HEIGHTS, Ohio (Reuters) - Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.

Bloomberg: Dimon Letter Derides Contrived, Confusing Financial Rules

Bloomberg

Related News: Executive, U.S., Finance
Dimon Letter Derides Contrived, Confusing Financial Rules
By Dawn Kopecki - 2012.04.04 05:02 PM

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. (JPM), used his annual letter to shareholders to rail against “contrived” and confusing financial rules that he said may stymie lending.

CNNMoney: Jamie Dimon: Lobbying is good, Washington is bad

CNNMoney

Jamie Dimon: Lobbying is good, Washington is bad
By Charles Riley @CNNMoney April 4, 2012: 6:22 PM ET

NEW YORK (CNNMoney) -- JPMorgan Chase CEO Jamie Dimon defended his bank's lobbying practices on Wednesday, writing in his annual letter to shareholders that the firm's activities are wholly appropriate and that ham-handed government officials are slowing down the recovery.

Finance·Money, Marc Faber

I think that people should own some gold and I think that people should own some equities, because before the collapse will happen, with Mr. Bernanke at the Fed, they're going to print money and print and print and print. So what you can get is a bad economy with rising equity prices.

- Marc Faber, in CNBC, 04/02/2012

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CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber

Finance·Money, Marc Faber

Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse. Maybe all of it will happen, but at different times.

- Marc Faber, in CNBC, 04/02/2012

CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber

CNBC.com

'Massive Wealth Destruction' Is About to Hit Investors: Faber
Published: Monday, 2 Apr 2012 | 8:12 AM ET
By: Jeff Cox
CNBC.com Senior Writer

Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from "Dr. Doom" Marc Faber.