JP Morgan: Recession Now More Likely; Average American Now Carrying Over $6,300 in Credit Card Debt | Business Matters Full Broadcast (Aug. 8)

JP Morgan is now raising the odds of a recession by the end of this year to 35 percent from 25 percent. The news comes after a weaker-than-expected July jobs report and the sharp sell-off in global equities over the unwinding of the yen-funded carry trades. American budgets are being stretched. A new report shows the average cr...