Defaults = Losses = Layoffs
Source:
npr.org/sections/coronavirus-live-updates/2020/04/14/833920538/americas-largest-bank-jpmorgan-chase-prepares-for-massive-round-of-defaults
3 replies (most recent on top)
It makes me VERY happy that I unloaded the stock around 50.
If you are a young long-timer still contributing to your 401k this might not be bad for you.
From the article:
Wells Fargo's profits fell 89% for many of the same reasons.
Why does this make me so happy?