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(Reuters) - JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results.
The largest U.S. bank by assets showed strength across its businesses in the first quarter, driven by what Chief Executive Jamie Dimon described as solid U.S. economic growth, moderate inflation and strong consumer and business confidence....
The RE market has cooled a bit. The good news is that they will likely not raise interest rates again this year and may actually lower them again. The rest of this year and 2020 (being an election year) should be quite good for the economy.
The RE market has cooled a bit. The good news is that they will likely not raise interest rates again this year and may actually lower them again. The rest of this year and 2020 (being an election year) should be quite good for the economy.
Agree. I don't think we are headed into recession but I am sure a good bit of the media and Democrats want to believe there will be so Trump will not be re-elected. I doubt they will lower rates because so far, earnings are strong. And there are tons of IPO's and M&A's going on now.
The RE market has cooled a bit. The good news is that they will likely not raise interest rates again this year and may actually lower them again. The rest of this year and 2020 (being an election year) should be quite good for the economy.
The real estate market will cool off even more after the foreclosures and short sales start up again. Crazy, irresponsible lending is back. Mortgages for all- as long as you’re breathing.
We all could be doing great if we were able to use other peoples money for free with little risk of being held accountable if we screw up what we do with it.
We all could be doing great if we were able to use other peoples money for free with little risk of being held accountable if we screw up what we do with it.
This. If people understood what money is and how banking works they'd be at the banks with torches and pitchforks
This is directly related to record high household consumer debt. Too many people are living WAY beyond their means, putting the bill on 'fantastic plastic,' etc. And when people default on their credit cards, etc., the banks will just write the loss off as a tax deduction and therefore owe no corporate tax on their otherwise gleaned profits. Done and done. Way to go, idiots.
Really. Now we are supposed to cheer because huge corporations continue to rake in obscene profits, made even larger by the obscene tax giveaway they just received from Trump and the GOP, while the average American is struggling to pay for necessities like healthcare?
The right cheering for the rich to get richer. Sounds about right for the brainwashed and easily led.
Really. Now we are supposed to cheer because huge corporations continue to rake in obscene profits, made even larger by the obscene tax giveaway they just received from Trump and the GOP, while the average American is struggling to pay for necessities like healthcare?
The right cheering for the rich to get richer. Sounds about right for the brainwashed and easily led.
So long as lib heads are exploding, it's all that matters to them.
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