Surveillance: Bank Earnings with Leon
Bloomberg Surveillance
00:00
The Polarity of the Two Americas
We think that with further rate tightening, we should get to a point where we see a mild and shallow recession towards the end of the year. We are seeing some signs of stresses in terms of delinquencies like you pointed out. What I see here in the PowerPoint from JP Morgan is the rich people are basically throwing money at a financial system profiting from it. The haves in America are really doing well.
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