by 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. Meanwhile, all of them are closing investments, departments & laying off staff.Seems unusual, no? 🤔 https://t.co/99AUWXOkMP— Financelot (@FinanceLancelot) January 11, 2023 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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
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.
Meanwhile, all of them are closing investments, departments & laying off staff.
Seems unusual, no? 🤔 https://t.co/99AUWXOkMP
— Financelot (@FinanceLancelot) January 11, 2023
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