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Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans

 
Coastie Patriot

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United States
05/18/2022 01:05 PM

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Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
The CEO of Wells Fargo warned Tuesday that there is “no question” that the U.S. economy is going to get worse before it gets better.

“It’s going to be hard to avoid some kind of recession,” CEO Charles Scharf said during a Wall Street Journal event.

The Federal Reserve has already raised interest rates twice so far in 2022 in a bid to cool the economy to deal with rampant inflation. Federal data shows that inflation rose 8.3 percent from April 2021 to April 2022, reaching 40-year highs.

With the spike in interest rates and inflation, some analysts and economists have questioned whether the United States is careening toward a recession.

But Scharf, during the event, stressed that the recession will likely be only mild, noting that consumers are still spending at healthy levels.

“The fact that everyone is so strong going into this should hopefully provide a cushion such that whatever recession there is, if there is one, is short and not all that deep,” Scharf said. mainlining that hopium!!!! TRYING TO GET YOU HOOKED


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Coastie Patriot
SIC SEMPER TYRRANIS

THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."

Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
X Files: Lost art of Forehead Sweat

A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-

Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-

to grow up remembering th

My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!

Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
Agent 99

User ID: 77082640
United States
05/18/2022 01:13 PM

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Re: Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
yeah. The bank tellers all look sad.
Coastie Patriot  (OP)

User ID: 78965751
United States
05/18/2022 01:33 PM

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Re: Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
yeah. The bank tellers all look sad.
 Quoting: Agent 99


i used to work in banking and a friend told me that wells laid off a ton of mortgage staff like a month ago...


suprised the oil companies havent done this too since it wont exist soon

guess have to keep up appearances
Coastie Patriot
SIC SEMPER TYRRANIS

THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."

Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
X Files: Lost art of Forehead Sweat

A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-

Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-

to grow up remembering th

My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!

Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
Anonymous Coward
User ID: 74987359
United States
05/18/2022 02:33 PM
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Re: Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
Looks like its time to run up the credit cards and then walk away.
Mithradates

User ID: 2701704
United States
05/18/2022 02:36 PM
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Re: Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
I like this part "The fact that everyone is so strong going into this" lol

I'm good thankfully but I know a lot of people that cant miss a check.
Anonymous Coward
User ID: 83296650
05/18/2022 02:46 PM
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Re: Wells Fargo CEO Warns ‘No Question’ Worst Is Yet to Come for Americans
OYYYYYYYY FUKKKIN VEEEEEEEEEEEEEEYYY





GLP