Submitted 11 months ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration’s sweeping new tariff regime, according to Wall Street banking giant JPMorgan.
Archived version: archive.is/…/DJN_DN20250403012985:0-jpmorgan-rais…
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
Do you remember last time he was in office China did
Do they mean the risk of one happening soon or of one happening at all?
Because if it’s the latter, anyone who knows just a little about how the US macroeconomy knows that it’s 100%. It’s simply a part of the vicious cycle of under-regulated capitalism.
That being said, there’s little to no doubt that the kakistocracy is going to make the next one arrive sooner and be MUCH worse than they usually are.
I believe all these predictions are for the 2025 calendar year. While the article doesn’t explicitly state, they do mention forecasts for 2025, so I think it’s safe to say they think the odds of the US will be in a recession by the end of the year is at 60%.
Ah ok, that makes more sense. I still say they’re being recklessly optimistic, but at least they’re not implicitly denying a certainty 🤷
JP Morgan: “Derrrrrp”
LeninOnAPrayer@lemm.ee 11 months ago
I mean when will we declare we’re in a recession? Do I need to be actively being fucked in the ass by a capitalist while I sell him my -42% 401k profile in return for a loaf of bread? Because I think we’re basically there.