Big Banks Pushing Smaller Banks To Merge Deposits Before The Bank Runs Begin

Published on May 9, 2017
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Report date: 05.09.2017

Home Capital Group is becoming desperate they are now selling million of mortgages. Half of Canadians do not have $200 for an emergency. Gallup economic confidence declines, more and more people believe the economy is getting worse. Wholesales sales growth declines and lumber implodes. Atlanta Fed is now down to 3.6% from 4.2%. Fed reports a drop in credit card spending and consumer spending in general. We are now back to the period right before 2008 crash. JP Morgan is telling smaller banks to consolidate deposits before the economy comes down.
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