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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

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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.

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