This Week in the Economy

by CoyDavidson on May 11, 2012

On Thursday afternoon, JP Morgan Chase CEO, Jamie Dimon told analysts in an emergency conference call that JPMorgan’s chief investment office, a division that is supposed to place investments that lower the risk of the bank had lost $2 billion on a trading strategy in the past 40 days.

All three U.S. indexes ended down for second straight week. The Dow lost 1.7% while the Nasdaq fell 0.7%, and the S&P declined 1.6%. On the commercial real estate front, CRE executives participating in The Real Estate Roundtable’s latest quarterly Sentiment Survey generally said market conditions have improved since a year ago, but signaled a lack of confidence in the outlook for the coming year, citing global economic risks.

Below are links to the top economics news for the week:

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