‘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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60/40 portofolios will close the year with the worst YTD return in 100 years… next year even worse. they hold bonds… the government may create a perfect storm.

60/40 portofolios will close the year with the worst YTD return in 100 years.. next year even worse. they hold bonds.. pic.twitter.com/gZbsL2kn2d — Alessio (@AlessioTMAD) December 30, 2022 https://twitter.com/WallStreetSilv/status/1608911837965475840 There it is a record in REVERES REPO ACTIVITY pic.twitter.com/V196xp0Dir — …

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Karine Jean-Pierre Won’t Say if Biden will Return Millions of Dollars of Campaign Donations Received From Sam Bankman-Fried (VIDEO)

.@ZekeJMiller: Biden "received campaign donations…from [SBF] and many prominent Democrats…Will [he] return that donation? Does he call on all politicians who got…donations that may have come from customer money to return [them]?" KJP declines to comment, citing Hatch Act. pic.twitter.com/fxdhNMUkW0 …

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Arizona cops are sued for REFUSING to return $40,000 in cash seized from black trucking boss who was traveling to buy a new rig, after they accused him of being a drug dealer with no evidence

by Boo_Randy As Murica goes full banana republic, “civil forfeiture” – legalized larceny from unaccountable law enforcement agencies – is only going to get more predatory as local municpalities turn to shady means to extract wealth from motorists and residents. …

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Any portfolio manager that attempts any strategy OTHER than return on investment should be prosecuted for fraud.

GOOD: States Pulling Hundreds of Billions in Retirement Funds from ‘Woke Capitalist’ ESG Investment Management Firms. You don’t want your portfolio managers chasing peer approval instead of return on investment. On Tuesday, Oct. 18th, Missouri Attorney General Scott Fitzpatrick divested $500 million in assets …

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