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The Biden economy is a disaster and getting worse. More bad news for 2023. Despite good earnings due to an increase in interest rates, banks are predicting a major increase in defaults in 2023. Banks reported good earnings results this morning JP Morgan blew out EPS expectations with $3.57 earnings vs. $3.07 expected per share Bank of America posted great revenue numbers thanks to higher interest rates TRENDING: BREAKING: COVER UP: Lawyers Found More Classified Documents in Biden’s Private Library Than Previously Known
JP Morgan and other banks have set up some major provisions to expected credit losses. JP […]
Article Source: www.thegatewaypundit.com
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