10 hours ago, San_K said:

No offence bro.. Idhi stupid line asala. How does anyone know when the time is right ?

its not abt the time, its about the clock. 

Big Banks Continue to Feel Pressure From Higher Rates

JPMorgan and Wells Fargo report a drop in profit, while Citigroup’s profit rises thanks to cost-cutting measures

Higher interest rates continue to pressure some of the country’s biggest banks, and their lending machines are showing signs of consumer weakness.

JPMorgan Chase and Wells Fargo  both reported a drop in quarterly profit Friday. Citigroup posted a rise in profit, driven in part by the bank’s cost-cutting measures, but set aside more provisions for potential losses in their credit-card business.

JPMorgan’s second-quarter profit declined 9% year-over-year to $13.1 billion. That figure excludes an $8 billion gain the bank received on an exchange of its shares of Visa and other one-time items.

The bank’s net interest income, a measure of the difference between what banks pay out on deposits and charge on loans, rose to $22.9 billion, up 5% versus a year earlier.

JPMorgan Chief Executive Jamie Dimon repeated his view that interest rates could wind up staying higher than some economists have forecast.

On 7/7/2024 at 5:52 PM, karna11 said:

https://youtu.be/5PiN5-WFkCM?si=zvJ9lRxY4qexymYR

She speaks with stats, it's little scary

4 youtube videos choosi oka video chesindi akkai. picha light. 

No one knows whats the reality. 

On 7/7/2024 at 7:29 PM, Joker23 said:

even a broken clock is right twice a day

Digital age lo old age dialogue endi ? 
how a brok Digital clock can be right as the screen is off

28 minutes ago, FrustratedVuncle said:

4 youtube videos choosi oka video chesindi akkai. picha light. 

No one knows whats the reality. 

Reality: Heat started ba, maa company lo 13% cut(FT + CT)  as of Monday and few more in September. Some of my friends in other companies got laid off with 2 weeks notice.

10 minutes ago, Raisins_72 said:

Reality: Heat started ba, maa company lo 13% cut(FT + CT)  as of Monday and few more in September. Some of my friends in other companies got laid off with 2 weeks notice.

layoffs gatha 2 years nundi avtune u nnai. nothing new anna.

 

On 7/8/2024 at 2:11 AM, CaptainAmerica said:

Are you still working on 2 jobs?

4 minutes ago, FrustratedVuncle said:

layoffs gatha 2 years nundi avtune u nnai. nothing new anna.

 

Yupp, that is true. Ma company lo ne oka 3 - 4 rounds ayinavi ee last 2 yrs lo 😂😂

but esaari gattiga pade laaga vundhi bro. 

 

11 minutes ago, southyx said:

Are you still working on 2 jobs?

maybe message maverick bro ki emo....

India is under recession. it will enter huge liquid money crunch soon. Unemployement in India is at 35% as per unofficial estimates. 

Yes

On 7/7/2024 at 5:52 PM, karna11 said:

https://youtu.be/5PiN5-WFkCM?si=zvJ9lRxY4qexymYR

She speaks with stats, it's little scary

Recession comes once every year. Do t worry. According to some we are always in recession 

Ivala all stocks up. No recession.

 

Actually market is waiting for some bad news so that fed can cut interest rates. Everyone knows fed will cut interest rates if they smell any recession chances. So no one worries.

Recession ante manollu ippud ostadi appud ostadi ani comedy chestunaaru kaani they don't know.

US, chinese Govts are all injecting/pumping money into economy trying to stop it from 2008 crisis. these inflation numbers are rigged inflation perugutaane undi aa debt ceiling ethisinru (this is very bad appulu out of control) inflation ni control cheyadaaniki interest rates penchutunaaru(not enought to tame it). now, interest rates cut cheyyakapothe small banks and commercial real estate crash aithadi all are interlinked and forming a chain reaction.  Deeniki kaaranam antha corrupt US Govt officials bad corrupt policies specially Biden baadcow Govt. musti musali mundaakoduku he don't know what is he doing.

This is now boiling and boiling down to tipping point adi burst aithe maatram the crisis will be bigger than 2008. Unemployment oka range lo untadi. there will be many home foreclosures. 

One thing is for sure a Recession is still due without that there's no road to recovery.