Money

Sen Elizabeth Warren - Price increases for "things" under Donald Trump: Coffee is up 26% Baby strollers are up 25% Beef is up 14% School supplies are up 7% Electricity is up 5% Car prices are at a record high. And thanks to Republicans in Congress, health insurance premiums are about to double.

 

Via 

Morgan J. Freeman

  

JPMorgan’s CEO Jamie Dimon has ... expressed that the rising U.S. debt is a “big deal,” in an interview on Fox’s “Mornings With Maria.” According to Kelly, the debt-to-GDP ratio could climb above 100% by next year, meaning the U.S. will owe more than its yearly output.

“There are good reasons to believe, however, that the debt will rise even faster than this,” he said.

But this already gloomy forecast is only if the economy doesn’t crash before then, Kelly said.“Finally, this all assumes no recession and no need for other major spending on domestic or international priorities,” he said.

The Guardian - Alarm bells are ringing on Wall Street. The recent collapses of Tricolor, a used car seller and sub-prime auto lender, and First Brands, an auto parts supplier, have put the finance industry on edge, almost two decades after problems in the sub-prime mortgage lending market set the stage for the global financial crisis.

“When you see one cockroach, there are probably more,” Jamie Dimon, the JPMorgan Chase CEO, ominously cautioned analysts this week, after the US’s largest bank disclosed a $170m charge tied to Tricolor’s bankruptcy. “Everyone should be forewarned on this one.”