BEN SHAPIRO (HOST): All the talk about President Trump’s economy grinding to a halt, that seems like that is not happening. According to the Wall Street Journal, Wall Street continues to fire on all cylinders. Deal making, trading, and corporate lending are gaining steam and fueling profits at the nation’s largest banks, with Goldman Sachs, JP Morgan Chase, Citigroup, and Wells Fargo all beating third quarter profit and revenue forecast. Goldman is now on pace for its best year ever in its main investment banking and markets division. JPMorgan is on track to make over $50 billion dollars in annual profit for the second year in a row. BlackRock is sitting on a record $13.5 trillion in assets under management.
Now maybe this is a bubble. Maybe it is people trading and borrowing in order to buy even more securities. Maybe all of it is moving toward AI. Maybe the volatility…
