Economic collapse news. JP Morgan joins Morgan Stanley in a warning for the future of the US stock industry. The problem is the current price the earning ratio is ridiculous we haven’t seen anything like this since the tech bubble in 2000 or the stock industry crash from 1929. JP Morgan predicts the increase in negative revisions will be what gets the drop rolling. According to a new survey by Zillow most housing industry investors believe we are entering a 2020 recession. So I guess it’s safe to say things are starting to look up.
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