JP Morgan is shaking off some Euro and Emerging Market stocks and loading up on junk bonds. I guess they feel that they need some better returns and feel confident that buying a bunch of junk will do the trick. Jerome Powell testified to congress today in a drawn out, waste of time performance to ensure the public remains docile in this regard. Those in control know exactly what they’re doing. Van Hollen: “4,300 jobs lost among 23 banks that benefited from the tax breaks.” Powell: “It must be several million people we’re talking about” WATCH LIVE: Fed Chair Jerome Powell Testifies Before Congress — Feb. 26, 2019 - YouTube https://www.youtube.com/watch?v=20bVtLGv61Q JPMorgan’s $50 Billion Fund Is Selling Stocks on Dovish Fed - BNN Bloomberg https://www.bnnbloomberg.ca/jpmorgan-s-50-billion-fund-is-selling-stocks-on-dovish-fed-1.1220032 bc-jpmorgan-s-50-billion-fund-is-selling-stocks-on-dovish-fed.png (620×349) https://www.bnnbloomberg.ca/polopoly_fs/1.1220033.1551179901!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/bc-jpmorgan-s-50-billion-fund-is-selling-stocks-on-dovish-fed.png nom buybacks.jpg (623×347) https://www.zerohedge.com/s3/files/inline-images/nom%20buybacks.jpg?itok=2_c7NUD6 Fed chief says economic theory of unlimited borrowing supported by Ocasio-Cortez is just 'wrong' https://www.cnbc.com/2019/02/26/fed-chief-says-economic-theory-of-unlimited-borrowing-supported-by-ocasio-cortez-is-just-wrong.html Fed Chief Powell on mounting debt: Would be 'very big deal' to not pay our bills https://www.cnbc.com/2019/02/26/fed-chief-powell-on-mounting-us-deficit-it-would-be-a-very-big-deal-to-not-pay-our-bills-when-due.html Millennials Are Facing $1 Trillion in Debt - BNN Bloomberg https://www.bnnbloomberg.ca/millennials-are-facing-1-trillion-in-debt-1.1219370 bc-millennials-are-facing-1-trillion-in-debt.png (620×349) https://www.bnnbloomberg.ca/polopoly_fs/1.1219371.1551097100!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/bc-millennials-are-facing-1-trillion-in-debt.png

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