Quote:JPMorgan, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon.Read more: http://www.cnbc.com/id/47377555
Euro down against dollar
China won't buy any more EU debt
Doubts about the EU holding together
Contingency plans to go back to pre EU currencies
Derivatives bubble about to pop
The perfect shit storm is upon us
Another round of QE will be the probable response, but will only serve to slightly lengthen the time until kaboom, the lumbering giant crashes.