2min chapter

Animal Spirits Podcast cover image

Why Isn't Inflation Falling? (EP.279)

Animal Spirits Podcast

CHAPTER

Bank of America's Net Interest Income

Bank of america's net interest income was 13.8 billion dollars up 24 percent year over year and absolutely looking like a record. I think it's ridiculous for what they charge for credit cards and mortgages and they're paying out five 10 basis points still in savings accounts With 7% mortgages. It's ridiculous here here to that for sure. This is my thing about corporations making inflation worse or taking advantage of inflation the big corporations here Again, they didn't cause this but they're taking advantage of it certainly.

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