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I honestly don't get it. Banks being healthy doesn't always correlate with a strong economy. We have so many negative factors that would scream "recession" or
by NickC25 4y ago
I honestly don't get it. Banks being healthy doesn't always correlate with a strong economy. We have so many negative factors that would scream "recession" or "bear market", the top bankers are all claiming there's a 100% chance of a recession soon (see today's Bloomberg front page), high inflation, fast rising interest rates, there's a war going on, a potential food shortage.....but because a bank made a bit of profit, the stock market jumps nearly 3 1/2% up at open?
Bullshit. Honestly, the last time I saw banks with too much money was 2008 - Banks tried to grow beyond normal banking services and look what happened.