Tough language from JPMorgan tonight:
“.. we view the full implementation of these policies as a substantial macro economic shock not currently incorporated in our forecasts. .. these policies, if sustained, would likely push the US and global economy into recession this year.”
“.. we view the full implementation of these policies as a substantial macro economic shock not currently incorporated in our forecasts. .. these policies, if sustained, would likely push the US and global economy into recession this year.”
Comments
It's not surprising they are against the tariffs.
Foolish companies will come in to avoid this, then they will be eventually hit some other way.
It's almost like giving up all your nukes in exchange for assurances...Ukraine
Is there a crypto scheme involved in their plan? I am so suspicious of this.
Trump’s shadow advisors dream of replacing the USD with crypto …
Dimon is sadz
Now
They coddle him when they want things, attack the Dem President when they can, but still refuse to MAN UP and call out the stupidity from the right
Cowards
Just goes to show.
A fucking blind man could have seen this coming. 🤷🏼♂️
He admitted to my mom last week that I was right.
Literally everyone knows that these policies, *if actually implemented*, would destroy the US economy. Which is why we know he's not going to be allowed to keep them in place long-term.
The open question is how much damage he'll be allowed to do, and to whom.
Well, SURPRISE! trump’s a maniacal, diseased idiot with a track record of being the biggest con man in NYC, and he’s been working for putin since before MAGA was born.
He’s *never* going to take any responsibility.
whaddya fucking stupid?
Signed
Everybody
#tRumpTax #TariffWar
Make money by shorting $SPY, $TSLA, $PLTR - Better yet buy LT Put options on them.
THIS guy knows what he’s talking about.
My bad, should have put these trades on before Trump’s absurd “Liberation Day” speech.
https://open.spotify.com/episode/61WmkrbvSShp1uMdMyXkik?si=Udun-RiZRwir5h-hD5EcMQ&context=spotify%3Aplaylist%3A37i9dQZF1FgnTBfUlzkeKt
We'll be in recession this month. (Yes, I know it takes two quarters of negative growth to declare a recession. But the immediate contraction will be obvious.)
Economic freefalls are not at all controllable. Once it begins, it stops when it stops. In this case, it’s likely to be much worse than any previous because Trump caused it.
Tolerance of Trump has its limits.
We're cooked. Not short term parboiled, but forgotten frozen pizza in the oven over night cooked.
World, catapulted, stressed
America is down.
This is intentional to ruin 90% of the public's finances so the 10% at the top can buy everyone out and then pay slave wages for whatever employment remains available.
?!?!?!?!?!
Have you looked at a newspaper for the last 6 months? Total malfeasance.
" Shit, I didn't see that coming"
“We thought someone would talk him out of it and get him focused again on the tax cuts.”
There's not one financial expert/planner sober 4 hours after libations day, opps liberation day announcement.
A reflection of where we are right now, and where we’re heading
Welcome to wall street.
I guess that explains the up market today before Trump spoke
Guess what quality in Trump they were most in denial about and just found out
Wild that people willingly voted for this.
These are the same people that gave Trump his casino money.
https://bsky.app/profile/peterpaulrubens.bsky.social/post/3lltyt6mdyk23
Biden left one of the strongest economies in the world and Trump is driving it off the cliff