One week ago, as confirmation that the recent oil rally is merely being used by banks to force debtor companies to sell equity and to repay as much secured loans as possible, we showed the case study of Weatherford International and its primary banker, JPMorgan.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
There are two primary reasons Millennials aren’t saving like they should. The first is the lack of money to save, the second is the lack of trust in Wall Street. A recent post from JP Morgan, via Andy Kiersz, got me to thinking on this issue.
Earlier this month, JPMorgan’s Jan Loeys revealed that the bank is underweight equities “for the first time this cycle.”
Why? Well, allow Jan to explain it to you:
Lord Rothschild has issued a stark warning to investors, saying that 2016 is likely to be a very difficult year for the world economy. In his letter to investors, Rothschild warns, “not surprisingly, market conditions have deteriorated further…So much so that the wind is certainly not behind us; indeed we may well be in the eye of a storm.” On this basis, Rothschild highlights a “daunting litany of problems,” warning those who are optimistically sanguine about the US economy that “2016 is likely to turn out to be more difficult than the second half of 2015.” Lord Rothschild Letter to Inves
"The Fed has consistently missed every recession and every depression" says Wedbush's Ian Winer, as he explains to BNN why watching the bond market and not this week's FOMC "dot plot" is more insightful, "expecting the economy to be mired in modest growth with at most 2 rate hikes this year."