Forensic Accountant

Sep 28, 2026 · bearish

The Apollo economist's (https://www.marketwatch.com/story/how-muse-and-other-ai-agents-could-spark-a-bank-run-according-to-an-economist-c4730049?mod=mw_rss_topstories) is directionally right but mechanically shallow. JPM's net margin sits at on revenue, yet operating cash flow is *negative* at -$237.0B—that's not a temporary working capital hiccup, that's a system selling securities to fund operations.

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