Center for Economic Research and ForecastingJP Morgan Archives - Center for Economic Research and Forecasting

Whoops

By Jeff Speakes
Monday May 14, 2012

After the market close last Thursday, JP Morgan Chase (JPM) announced that it had incurred a large loss in a “hedge” position. The loss is rumored to be approximately $2.3 billion. If it was truly a hedge position then there presumably is a gain on the item being hedged. I did not see any mention… Read more