JPMorgan Chase Cuts Thousands of Positions in Mortgage Lending Sector - They Know a Crash is Coming
(theconservativetreehouse.com)
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and it begins ...
Yes it does..
A crash is coming. The only question is how big it will be.
But with inflation raging and the Dems doing everything in their power to destroy the US economy, this crash looks to be a particularly brutal one.
That's their call to batten down the hatches. JP Morgan has the largest silver hoard in the world, they will survive. As for the other major banks, no more quantitative easing for you.
Do you really have a silver hoard if the same silver has been sold multiple times?
Buy physical while you can afford it!
Unfortunately, I would bet that those that were saved transferred from new mortgage lending to foreclosures.
Buckle up kiddos.
I mean it was just a matter of time. Every Tom dick and Harry was buying a million dollar + home here like it was going out of style.
Of course, with rising rates there will be less people that can afford those mortgages, and less of a need for these people.