Maybe they are just going to use their capital to accept the Fed’s 5% subsidies and lay everyone else off?
Banks are telling you to buy stocks, saying the bottom is in & cancelling their recession calls for Europe.
— Financelot (@FinanceLancelot) January 11, 2023
Meanwhile, all of them are closing investments, departments & laying off staff.
Seems unusual, no? 🤔 https://t.co/99AUWXOkMP
Dimon now hoping for 6%:
Jamie Dimon says the Fed’s rate hikes might need to go beyond what’s currently expected. There's a 50% chance that the central bank will have to go to 6%, he says @FoxBusiness https://t.co/VikiBXSzMZ via @markets $JPM
— Steve Matthews (@SteveMatthews12) January 10, 2023
My crocodile tears are flowing...
ReplyDeleteBanks and other large corporations (and most small businesses, too) are lagging indicators when it comes to economic trends. They hire at the top and fire poeple at the bottom. Same with their investments.
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