Fitch warns it may be forced to downgrade multiple banks, including JPMorgan - CNBC
An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase , could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday.
The People’s Bank of China cut the interest rate on a one-week loan to banks to 1.8% from 1.9%.
“Today’s cuts suggest that the authorities’ concern about the state of the macroeconomy is mounting,” said Robert Carnell of ING in a report. “But that doesn’t mean that they are about to undertake unorthodox policy measures.”
Economic growth slid to 0.8% over the previous quarter in the three months ending in June from 2.2% in the January-March period. That is equivalent to 3.2% annual growth, which would be among China’s weakest in decades.
Chinese leader Xi Jinping’s government is trying to revive economic activity without resorting to a large-scale stimulus, possibly for fear of reigniting a rise in debt levels they worry are dangerously high.
That is hampered by a slump in China’s vast real estate industry following tighter government controls on debt levels at developers. Buyers are reluctant to commit when they are worried about possible job losses and whether construction of apartments they pay for might be suspended.
Bill Gates Promotes ‘Net Zero’ as Climate Fix — Critics Call It a ‘Financial Scam’
In an interview with The Defender, environmental activist and food sovereignty advocate Vandana Shiva, Ph.D., said the growing "net zero" movement promoted by Bill Gates and other globalists is a scam allowing polluters to buy credits instead of reducing emissions, enabling land grabs and corporate control.
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan - CNBC
An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase , could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday.
https://www.reuters.com/business/finance/fitch-warns-it-may-be-forced-downgrade-multiple-banks-including-jpmorgan-cnbc-2023-08-15/
TRILLIONS 'You Don't Know, Do You? You Don't Know, Do You?': Kennedy Does Not Let Up On Top Biden Official https://www.youtube.com/watch?v=O9N8Y67LYcw
Biden is trying to shift the cost of student loans to taxpayers — again
https://www.washingtonexaminer.com/restoring-america/fairness-justice/biden-is-trying-to-shift-the-cost-of-student-loans-to-taxpayers-again?utm_source=deployer&utm_medium=email&utm_content=&utm_campaign=Beltway+Confidential&utm_term=
The People’s Bank of China cut the interest rate on a one-week loan to banks to 1.8% from 1.9%.
“Today’s cuts suggest that the authorities’ concern about the state of the macroeconomy is mounting,” said Robert Carnell of ING in a report. “But that doesn’t mean that they are about to undertake unorthodox policy measures.”
Economic growth slid to 0.8% over the previous quarter in the three months ending in June from 2.2% in the January-March period. That is equivalent to 3.2% annual growth, which would be among China’s weakest in decades.
Chinese leader Xi Jinping’s government is trying to revive economic activity without resorting to a large-scale stimulus, possibly for fear of reigniting a rise in debt levels they worry are dangerously high.
That is hampered by a slump in China’s vast real estate industry following tighter government controls on debt levels at developers. Buyers are reluctant to commit when they are worried about possible job losses and whether construction of apartments they pay for might be suspended.
https://www.breitbart.com/news/china-suspends-release-of-youth-unemployment-rates-as-economic-data-disappoints/
Bill Gates Promotes ‘Net Zero’ as Climate Fix — Critics Call It a ‘Financial Scam’
In an interview with The Defender, environmental activist and food sovereignty advocate Vandana Shiva, Ph.D., said the growing "net zero" movement promoted by Bill Gates and other globalists is a scam allowing polluters to buy credits instead of reducing emissions, enabling land grabs and corporate control.
https://childrenshealthdefense.org/defender/bill-gates-net-zero-financial-scam-vandana-shiva/?utm_source=luminate&utm_medium=email&utm_campaign=defender&utm_id=20230815