Yes folks, that is right... The folks at JPMorgan, the same people that have gotten massive government help and contracts in the last recession is trying to sow the seeds for yet another recession.
From the lame narrated video in the link above it claims they see a 28% chance within the next year and that number increases to a whopping 60% chance in the next two years!
What I find really funny is the fact that all these big banks and such are usually the ones who screw up causing a recession in the first place!
Just unreal! Glad I am not doing any business with Chase currently.
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What is to give light must endure burning -- Viktor Frankl
Time to pay-out the Credit Cards ASAP, before the interest rates climb...
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
I been saving mad cash... Saved $10k on that dirt ass dealership BS... Saved at least $1k not going on vacation!
So I guess things could be worse... Trying to get one of my Mercedes in before the end of the month so I have some winter wheels! If the kid doesnt pull his head out his ass and help me I am going to drive his Firebird thru the winter! LOL
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What is to give light must endure burning -- Viktor Frankl
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
Not so sure about that PowerStroker because back in the Dodd Frank days it was pretty bad!
Still not a whole lot better today either... I would say that the credit scoring system is a way that, regardless of regulation, the banks will be able manipulate the end results they want.
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What is to give light must endure burning -- Viktor Frankl
