Sunday , May 5 2024
Home / Mike Norman Economics / Bank layoffs

Bank layoffs

Summary:
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:

Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)

Mike Norman writes Corporate buybacks

Mike Norman writes Month end settlements

Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients

Maybe they are just going to use their capital to accept the Fed’s 5% subsidies and lay everyone else off?




Dimon now hoping for 6%:









Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *