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NEW YORK, Dec 6 (Reuters) - The biggest U.S. banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives Tuesday. JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon told CNBC that consumers and companies are currently in good shape, that may not last much longer as the economy slows down and inflation erodes consumer spending power, he said.
It really is a wonderful gift from the government…. For those of us living in the United States, ethanol-laced gas has become a hiss and a byword for so many reasons. Even the environmentalists are increasingly realizing the detriments of the stuff. Now drivers on the other side of the pond are learning why we curse the stuff as they grapple with the reality of E10 fuel in the UK.