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Jamie Dimon Says He Never Discussed Jeffrey Epstein’s Accounts at JPMorgan; Jes Staley Says Dimon Did

Jes Staley’s statements, made in documents viewed by The Wall Street Journal that haven’t been made public, are his first remarks to emerge about conversations between him and Dimon regarding Epstein. The bank on Tuesday said Staley’s statements are false.

The government of the U.S. Virgin Islands and an unnamed woman, who said she was abused by Epstein, sued JPMorgan last year, claiming that the bank facilitated Epstein’s alleged sex trafficking. 

https://www.wsj.com/articles/jamie-dimon-says-he-never-discussed-jeffrey-epsteins-accounts-at-jpmorgan-jes-staley-says-dimon-did-b11f0da5?st=t5p3p4jsuztc32q&reflink=mobilewebshare_permalink
A Debt Deal That Doesn’t Deal With Debt

Republicans in Congress used the threat of a catastrophic default on Treasury securities if President Biden didn’t agree to cut spending. In the end, Republican negotiators agreed to raise the debt ceiling, removing the threat of default, in return for cuts that make only the slightest change to the trajectory of deficits and debt.  

https://www.wsj.com/articles/a-debt-deal-that-doesnt-deal-with-debt-eef3e608?st=280qebofz5ku5cd&reflink=mobilewebshare_permalink
Steve Bannon Live with Charlie Now! 🇺🇸🦅🇺🇸

Debt Ceiling Civil War? | Bannon, Sen. Lee, Rep. Bishop, Sen. Scott, Kane | LIVE 5.31.23
https://gettr.com/post/p2ifpmgd607
Are Critical National Interests At Stake In Taiwan

What Fanell and Thayer are saying is that nuclear weapons based in Taiwan will be available in the event of a Chinese invasion and that their use will be a tripwire for a strategic nuclear exchange between America and China that will immediately start (and end) World War III.

https://open.substack.com/pub/andmagazine/p/are-critical-national-interests-at?r=14q44t&utm_medium=ios&utm_campaign=post
Rep Clyde: I didn’t come to Washington to maintain the Swamp’s status quo or to rubber stamp some fiscally irresponsible deal.

I'm a hard NO on the disastrous debt ceiling agreement.
https://gettr.com/post/p2ie2ukac17
That's right: that 0.2% cut in spending is what all the brewhaha was over, a cut which will not only push total debt to $35 trillion by the end of Biden's term, but will not even put a dent in the long-term US debt trajectory which even the CBO has no problem as showing in its full, hyperinflationary glory.

https://www.zerohedge.com/markets/total-farce-real-spending-under-debt-ceiling-deal-actually-goes-next-year
Watch Yield Curve For When Stocks Begin To Price Recession Risk

Leading economic data has been signalling a recession for several months. Typically stocks closely follow the ratio between leading and coincident economic data.

As the chart above shows, equities have recently emphatically diverged from the ratio, indicating they are supremely indifferent to very high US recession risk.

What gives? Much of the recent outperformance of the S&P has been driven by a tiny number of tech stocks. The top five S&P stocks’ mean return this year is over 60% versus 0% for the average return of the remaining 498 stocks.

https://www.zerohedge.com/markets/watch-yield-curve-when-stocks-begin-price-recession-risk
A Warning to the GOP: If You Vote Yes On This Today, You Are Signing Your Political Death Warrant.

Steve Bannon: “What everybody should do because this is what they fear — you get on the phone and particularly if you’re in a red district, you should tell your congressmen, ‘Look, let’s cut to the chase. Very simple. If you vote yes for this, I will put my shoulder to the wheel because the first issue I have to deal with is you. I will make sure you’re primaried, I will make sure you lose and I will make sure you’re signing your political death warrant today when you vote yes on this.”

H/T: https://twitter.com/pu28453638/status/1663960829773873162?s=46&t=ECqdZL_9ZGFJGqr2dyJD8g
https://gettr.com/post/p2ignfi2578
Goldman Sachs Prepares Another Round of Layoffs Amid Deal Drought

The layoffs would mark a third round of job cuts at Goldman in less than a year. Goldman cut a few hundred employees in September as part of normal management of staffing levels and then eliminated roughly 3,200 positions, or about 6% of employees, in January. The bank had about 45,000 employees in the first quarter. 

https://www.wsj.com/articles/goldman-sachs-prepares-another-round-of-layoffs-amid-deal-drought-afce7cc8?st=u3h5irogu5n6iag&reflink=mobilewebshare_permalink
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