Capacity Utilization and Capacity Growth since 1967...
Fiction About JP Morgan from Tyler Cowen

Maybe Jamie Dimon Doesn't Understand the Situation...

When your brakes fail but you manage to coast to a stop without hitting anything, you don't say "there's nothing wrong here because we didn't crash and kill ourselves".

But that seems to be what Jamie Dimon is saying here:

Dimon On Whether JP Morgan's $2 Billion Loss Proves Banks Are Still Too Risky: 'I Don't Think So':

GREGORY: Have you given regulators new ammunition against the banks?

DIMON: Absolutely, this is a very unfortunate and inopportune time to have had this.

GREGORY: But if the best of the best can’t manage a risk like this, does it not tell you that the banking system is still several years after the financial collapse, too risky?

DIMON: I don’t think so. It’s a question of size. This is not a risk that is life threatening to JP Morgan.

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