‘Already past the point of no return’: JPMorgan says the U.S. is probably headed for a recession as economic ‘engines are about to turn off’

A series of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks, including JPMorgan Chase, to rewrite their recession forecasts from scratch, as months of small victories against inflation and a relatively strong economy were potentially swept away in under …

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Too much authority has been ceded…

I long for the old days when multi-billion dollar bank bailouts required a vote of elected officials. Seriously, do Americans realize Congress didn’t even vote on this? Too much authority has been ceded. At least Fed, FDIC, and Treasury gave …

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Protests in France continue!

🇨🇵 Extreme repressie in Frankrijk. Vreedzame demonstranten die het lef hadden om te demonstreren werden door de politie in elkaar geslagen. Studenten, vrouwen, ouderen en zelfs journalisten werden geraakt. Macron is de echte vijand. https://t.co/sjdcYofes8 — Strijder124 (@Strijder124) March 21, …

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UBS Credit Default Swaps spiking

UBS Credit Default Swaps spiking- the $CS hot potato is just switching hands… pic.twitter.com/p5J8pMz4T7 — Roberto Rios (@peruvian_bull) March 20, 2023 View post on imgur.com UBS right now pic.twitter.com/5txbQq5FX2 — Satoshidisco (@satoshidisco) March 20, 2023

Fuel shortages are escalating across France…

BREAKING: Due to protesters blocking key locations, fuel shortages are escalating across France. Almost 1650 stations are currently out. ⚠️ ⚠️ ⚠️ pic.twitter.com/xJNV9hr5ml — Wall Street Mav (@WallStreetMav) March 21, 2023 FRANCE – Fuel depot blocked by protesters. Police being …

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