JPMorgan: “Large Parts Of Society Are Not Seeing Any Growth In Income And Job Opportunities At All”

Jon Market Commentary

Last week, BofA’s HY credit strategist Michael Contopoulos, laid out a list of the four things that keep him up at night, which included:
1. Zombie Companies And Massive, Rising Student Debt Loads
2. Sliding Used Car Prices, Rising Delinquencies And Subprime Defaults
3. Declining Loan Growth, Lack of commodity rebound and tighter balance sheet
4. Lack of Investment, No Small Business Creation And No Earnings growth
Having let the genie out of the bottle, just 24 hours later it was JPM’s turn to unveil its own answer to this same question, and in his weekly Froday note, JPM’s Jan Loeys said that when it comes to what “keeps the bank up at night” in the context of the bank’s economic outlook “regime change is the main risk.”

This post was published at Zero Hedge on May 28, 2017.