DID YOU KNOW?
And yes - shockingly - the House passed a debt ceiling deal thankfully. PS: The interest payment on our federal debt is about $600 billion per year…..Yowza
DID YOU KNOW?
Credit card delinquencies peaked around 13.8% in 2009. By the end of 2015 they were down to about 3.85%. By the end of 2019 just before COVID hit they had almost doubled to 6.91% and now they are back up to 6.51%. Mortgage delinquencies are around 1.94% They were 3.5% just before COVID hit at the end of 2019. (WSJ)
DID YOU KNOW?
JPMorgan Chase & Co. has quietly built a global unit - 23 WALL - focused on catering to about 700 ultra-wealthy families and their investment firms with a combined worth of around $4.5 trillion as it looks to expand services to the world’s super-rich with offices in Europe, the US and Asia. (Bloomberg)
DID YOU KNOW?
There are now 7 US companies worth $1 TRILLION or more…..
DID YOU KNOW?
HVAC manufacturer Carrier may be poised for growth after its recent acquisition of Viessmann Climate Solutions, a leading German maker of heat pumps and other climate-control products, as many more homeowners convert to much more energy efficient systems. Heat pumps are notably cheaper - almost 50% - than regular electric heating.
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