Don't tell me Trump is correct again.... Jobs! Jobs! Jobs!
https://www.cnbc.com/2019/08/21/ban...oing-well-and-will-keep-us-economy-going.html
https://www.cnbc.com/2019/08/21/ban...oing-well-and-will-keep-us-economy-going.html
- “The underlying consumer is doing well and making more money. More importantly, they’re spending more money,” Moynihan tells CNBC.
- He says the bank’s consumer base has spent $2 trillion this year, a 5.9% increase from last year.
- His comments come amid increasing fears of a recession. This has led investors to lower their exposure to riskier assets such as stocks in favor of traditionally safer Treasuries.
