Jaime Dimon visits RP branch, may increase presence in the PHL

It is more fun criticizing

JP Morgan Chairman Jamie Dimon viited the PHL recently and may increase presence in the PHL.  He had talks with PHL businessmen who included Ayala, Aboitiz, Tan Cak tiong.  

This is a good developmetn

As for the accompanying news re anti economic sabotage law, many in the Palace know who they are, and the law will restrict their movement (time to check their friends?)

Financial crisis in middle of 2023

It is more fun criticizing

Biggest bank CEO predicts banking collapse in 2023.   

1.   Fed will increase interest to 5%  (its 4.75%)

2.   Fed will stop the increase the terminal rate.    Dimon thinks that the rate will not stop inflation.

3.   People have been dipping into their $1.7 trillion  savings.   It may soon run out in middle in 2023

      When this happens, the economy crashes.  

4.   Fed again increases the rate to 7%

The malaise brought about by covid, high oil prices, Ukraine war, Taiwan vs China.  

The listed bank capital of $2.2 trillion may just be negative $100.00 billion.