Wall Street Is Engineering Economic Disaster for Profit — Again

Wall Street expects big banks to post big profits on the interest from consumer credit balances soaring at unnerving record highs. According to Federal Reserve data, consumer debt at the 25 biggest banks ballooned to $1.9 trillion last year, fueled by credit cards. Is this the ‘macroprudence’ America was promised after the last financial crisis? …

Bitcoin Valuable in a Dystopia, But Not Anywhere Else: JP Morgan Analyst

JP Morgan finally admitted that bitcoin is valuable, at least in the event of a full-blown dystopia. | Source: Shutterstock By CCN.com: Contrary to statements from its cryptocurrency-bashing CEO Jamie Dimon, JP Morgan has finally admitted that bitcoin has value, albeit in the unlikely event that the world descends into a “Bird Box”-style dystopia. If …