Moody’s Chief Economist Says Roughly Half Of U.S. States Are Effectively In A Recession And Hanging On By Their Fingertips Everything should feel fine in the economy. Gross domestic product was up a healthy 3.8% in the past quarter. U.S. unemployment figurest stayed at a steady 4.3%. Yet, roughly half of U.S. states are hanging on […]
Roughly Half of U.S. States Are Hanging On By Their Fingertips Read Post »
US Banks Raising The Risk Of A Recession By Tightening Lending Standards The Federal Reserve isn’t the only one tightening credit. US banks are also tightening standards and that spells trouble for the US economy. US banks are tightening terms on loans for medium and large businesses. Banks are raising guidelines to levels usually seen
US Banks Are Tightening Lending Standards Read Post »
JPMorgan Chase 3rd Quarter Profits Plummet 17% But They Still Beat Analysts Expectations JPMorgan Chase 3rd quarter earnings report is full of a mixed news. The bad news is that the bank’s profits plummeted by 17%. Yet, the report indicated the bank faired better than analysts expectations even as its net income fell. The JPMorgan
JPMorgan Chase 3rd Quarter Profits Plummet 17% Read Post »
Massive Wall Street Layoffs Of Junior Bankers Is Imminent As Banking Giants See Profits Plummet Wall Street spent the past year acting like the financial bulimics they are. They spent the past year binging on bankers and now they are leaning over the world toilet ready to puke it all out. Junior bankers are predicting
Massive Wall Street Layoffs Imminent As Banking Profits Plummet Read Post »
JP Morgan Chase Executives Panic As Mortgage Originations Continue to Free Fall JPMorgan Chase leaders continue to panic as mortgage originations continue their free fall.  It’s not pretty for JPMorgan Chase as mortgage originations continue to free fall. This is after the bank laid off hundreds of mortgage employees. Chase reported double digit declines in
Mortgage Originations Continue To Free Fall At JPMorgan Chase Read Post »
