Banks Are Fine, but the Economy Isn’t

Two of the three big banks that reported results on Tuesday still earned a lot of money in the second quarter. That is less reassuring than investors might hope.

Underlying the banks’ relative resilience in the second quarter were some arguably temporary benefits that don’t really address the long-term economic risks. Reserve builds in anticipation of future credit losses remain a major swing factor for earnings at Citigroup, JPMorgan Chase, which turned profits, and Wells Fargo, which didn’t. But bankers stressed that their...

telisdemos says it all in the headline really, but how beliveable is it when and TheEconomist have been publishing the Chinese Government's stories for money and selling them us as truth? liesforcash media FreeTibet

telisdemos realDonaldTrump Sir, 2000+ well educated people strucked in India, their request is want and need opening US consulates and allow for Visa interviews to go to US because they were treated US is like a Mother, please do the needful🙏

telisdemos W

telisdemos Surely. Free money socialism is never a problem for the 10% .

telisdemos They also said set aside $28 billion for loan provisions. That crisis is getting clearer and more expensive everyday.

telisdemos This is what happens you subsidize the banking industry and provide bailouts during an economic crisis. The government should've created incentive plans, not more cheap money by the federal reserve.

telisdemos And the implications apparently passed right overhead. Title should have been “banks take taxpayer bailout money that should’ve gone to those who needed it” instead of those who caused it.

telisdemos Can you have a recovery without the people? You are forgetting that 70% of this economy is we the consumer. Just a friendly reminder

telisdemos Wat is v shape all r flat shape

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