Little Rock The chief US economist for JP Morgan Chase warns that the impact in the already implemented reduction in food stamps will deflate the entire economy by .02, which may not sound like a big thing if you are not losing $40 or $50 bucks worth of food for your family this month, but …
Category: Citizen Wealth
JP Morgan Chase Gaming on Big Settlement
Little Rock Ok, you remember that we were skeptical when news of the $13 billion record breaking settlement between JP Morgan Chase and the Justice Department was announced until the details became clearer. I just wasn’t sure the leopard could change its spots by buying a new paint job no matter what the price. Now, …
Microcredit is Still a “Buy a Subsistence Job” Program
Little Rock There was a long, hopeful report on the supposed growth of microcredit among lower income families in the United States in the New York Times, but no matter how much slipping and falling we might have endured around invisible statistics, there was no way to avoid the bottom line conclusion that microcredit was …