Wednesday, February 24, 2016

JPMorgan Increases Loan Loss Reverses

JPMorgan Chase recognizes, at least indirectly, that the global economy is rolling over. Unfortunately, the majority won't accept this unpleasant outcome until as Baron Rothschild would say there's blood in the streets (panic). It's human nature. Deny, deny, deny, until the masses collective scream why didn't someone warn us. Jamie Dimon did at least indirectly. Unfortunately, the majority was too busy wondering how Trump is going to finance that wall to protect us from Mexico.

Headline: JPMorgan signals rough first quarter as trading flags, energy woes deepen

JPMorgan Chase & Co (JPM.N) signalled a rough first quarter on Tuesday with double-digit declines in investment banking revenues and a $500 million increase in provisions for expected losses on energy loans.

Plummeting oil prices, volatile markets, stubbornly low interest rates, pressure from regulators and a slowdown in China have combined to hurt banks worldwide over the past few months.



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