#michael cembalest

[confidant]

JPMorgan Asset Management Chief Slams Bitcoin in ‘Maltese Falcoin' Report Michael Cembalest looks into bitcoin, DeFi, NFTs and more – and doesn't like what he finds.

Business. Author: Ian Allison. Feb 4, 2022. Michael Cembalest looks into bitcoin, DeFi, NFTs, and more – and doesn’t like what he finds. ...

This CEO has a narrow, biased opinion of cryptocurrency. Comparing; It to an old 1940's movie with Humphrey Bogart.

[leninsbody]

Earnings season looms over Wall Street

Earnings season looms over Wall Street

[ad_1] ©Bloomberg

Inflows into risk assets including junk debt and shares in recent days continued strongly in the wake of the Fed’s cautious note in mid-March. Yet, despite the fact that the Fed is once again in a holding pattern, the mood in the markets is anything but exuberant as earnings season on Wall Street begins next week.

In a way it is tempting to argue that the Fed’s ongoing…

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[socialstudiesmidway-blog]

Earnings season looms over Wall Street

Earnings season looms over Wall Street

[ad_1] ©Bloomberg Inflows into risk assets including junk debt and shares in recent days continued strongly in the wake of the Fed’s cautious note in mid-March. Yet, despite the fact that the Fed is once again in a holding pattern, the mood in the markets is anything but exuberant as earnings season on Wall Street begins next week. In a way it is tempting to argue that the Fed’s ongoing…

View On WordPress

[thelawsonpost]

Is Your Job About To Be Outsourced By A Computer (The Probability Is 47%)

By Zero Hedge:  Productivity. Every employer loves it, and every employee is fascinated by it,…

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[manicchill-blog]

The primary (and perhaps sole) justification for carrying the levels of risk shown above relates to corporate profits. As shown below, profit margins have reached levels not seen in decades....There are a lot of moving parts in the margin equation, but as shown in the second chart, reductions in wages and benefits explain the majority of the net improvement in margins.

Michael Cembalest, chief investment officer of JP Morgan, in a letter, dated July 11th,to the company's investors. He was attempting to explain how the company was seeing record profits in the middle of a, possible double-dip, recession. Mr. Cembalest  would also go on to highlight the fact that JP Morgan's labor compensation to company sales, and labor compensation to GDP, ratios are both at 50-year lows.