Jamie Diamond does a U-turn!

mark's picture

I guess that Sequoia Capital's warning is spreading. 

Recently, Diamond pontificated on how strong the consumers' balance sheets were.  Only a week or so later, he is doing an about face!  Is he trying to start a stampede with their highbrow clients?  

When the credit window opens, it opens slowly, but when it shuts, it is slammed.

Now that's the stability I admire!  LOL.  I'm sure glad I don't let them "wrap" my account or should I say rap?

Copyright 2017 Mark T. McLaren