JP Morgan is shaking off some Euro and Emerging Market stocks and loading up on junk bonds. I guess they feel that they need some better returns and feel confident that buying a bunch of junk will do the trick. Jerome Powell testified to congress today in a drawn out, waste of time performance to ensure the public remains docile in this regard. Those in control know exactly what they’re doing.
Van Hollen: “4,300 jobs lost among 23 banks that benefited from the tax breaks.”
Powell: “It must be several million people we’re talking about”
WATCH LIVE: Fed Chair Jerome Powell Testifies Before Congress — Feb. 26, 2019 - YouTube
JPMorgan’s $50 Billion Fund Is Selling Stocks on Dovish Fed - BNN Bloomberg
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Fed chief says economic theory of unlimited borrowing supported by Ocasio-Cortez is just 'wrong'
Fed Chief Powell on mounting debt: Would be 'very big deal' to not pay our bills
Millennials Are Facing $1 Trillion in Debt - BNN Bloomberg
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https://www.bnnbloomberg.ca/jpmorgan-s-50-billion-fund-is-selling-stocks-on-dovish-fed-1.1220032
https://www.cnbc.com/2019/02/26/fed-chief-says-economic-theory-of-unlimited-borrowing-supported-by-ocasio-cortez-is-just-wrong.html
https://www.cnbc.com/2019/02/26/fed-chief-powell-on-mounting-us-deficit-it-would-be-a-very-big-deal-to-not-pay-our-bills-when-due.html
https://www.bnnbloomberg.ca/millennials-are-facing-1-trillion-in-debt-1.1219370
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