Earnings, JP Morgan Chase & Credit Cards

While Jamie Dimon, CEO of JPMorgan Chase, expressed concern that many bank customers will have trouble paying their credit card bills, he expressed optimism about those customers now earning more in unemployment benefits that they earned working, paying on time and spending more.

Housing Prices: Look Out Below!

JP Morgan Chase, the nation's largest lender, announced that effective Tuesday homebuyers will need FICO scores of 700 and 20 percent down payments to qualify for a mortgage. Housing prices will have to crash so most buyers, especially first time buyers, can afford to put down 20 percent. Look out below!

A Few Thoughts On The Current Crisis

The national debt just passed $24 trillion, up $4 trillion since Donald Trump took office. He will add more debt in 4 years than Bush did in 8. If reelected he will add more debt in 8 years than Bush & Obama did in 16. Instead of draining the swamp, he is draining the nation.

What will the Federal Reserve do if inflation picks up?

Someone needs to ask Powell what the Fed’s response will be if inflation really heats up? Will the Fed do nothing and let inflation get much worse? Or will it jack interest rates way up and sell bonds to shirk the money supply? Is the Fed prepared to do this during a recession?

The problem with student loan forgiveness

The biggest problem with student loan forgiveness is the moral hazard for both students and colleges. Since loans don't have to be repaid, students won't care how much they borrow. Colleges will exploit this by raising tuition even fasting, sending the cost to taxpayers soaring.