The bank boss told lawmakers in September that cryptocurrencies are “decentralised Ponzi schemes”. Still, he wrote in his annual letter to shareholders that “decentralised finance and blockchain are real, new technologies” and went on to tout his bank’s efforts.that could push the US and global economies into recession next year. He declined to make a specific prediction, saying in the interview that storm clouds “could be a hurricane, we simply don’t know”.
However, Dimon said that inflation will erode consumer spending power and consumers are spending down their excess savings from pandemic stimulus programs, and that will run out in 2023.JPMorgan Chase shares no longer have any sell ratings on Wall Street.The bank was upgraded by two notches to a buy-equivalent rating at Morgan Stanley, which said the lender is typically more resilient than rivals during downturns.
Pet virtual rocks. Or strictly speaking from an accounting perspective intangible rocks. A bit like intangible gold that I might think I own when it doesn't in fact exist.
Dimon is wrong. Pet rocks aren't anything like crypto as they are tangible.
you can hug a pet rock
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Source: FinancialReview - 🏆 2. / 90 Read more »
Source: FinancialReview - 🏆 2. / 90 Read more »