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As Northman trader says 'this time better be different'

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breadwinner1

617 Posts.

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01/08/23

12:16

Post #: 69098456
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Originally posted by swaggytrader: ↑

If the US market retreats 10% that's a return of 25% on BBUS. The Americans are not out of the woods, what you're seeing is the tail end of the money that was pumped into the system. Jamie Dimon predicts that the money that was splashed on the consumers through the Covid period will be completely go by the end of this year, so if consumers stop spending how do companies like Apple or Amazon make money?

https://www.bbc.com/news/business-65487054

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As Northman trader says 'this time better be different'

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