Posted on 08/15/2022 4:41:30 PM PDT by RomanSoldier19
JPMorgan Chase CEO Jamie Dimon estimated last week the probability that the US would head into a recession, according to a Yahoo Finance report published Saturday.
Dimon reportedly said on a client call Tuesday that the economy was "strong" but "storm clouds" were on the horizon, including federal monetary policies, Russia's invasion of Ukraine, and rising oil prices. The categorization is an apparent downgrade from Dimon's previous comments in June when he warned of an "economic hurricane."
(Excerpt) Read more at msn.com ...
The great reset is coming.
Dem Party Communist takeover
we will not know what hit us and they will come down hard and fast
(there’s a chance the US is heading into ‘something worse’ than a recession) - from the article
Gee, ya think? 🤔
(The great reset is coming.)
Sure seems like it, EC.
Prepare as ye see fit.
✝️🙏🛐
Realistically most people are stupid. That is why there are Democrats, Socialists, Communists, and Moslems.
The problem is the smart people have to co-exist with the idiots.
Bring on the depression, I will survive.
We are disobeying our masters.
Should continue to defy our betters, we will be starved and without roof.
I’m not sure what’s coming except possibly two more years of Bidens administration - so none of that is going to be good. For now he’s had almost 3 weeks “off” as President - but then he’s never really been “on”.
https://youtu.be/p7ecddorspk
Bank Warns - This is Much Worse Than a Recession
We just got another bank warning from the one and only JP Morgan. Jamie Dimon came out and spoke to his wealthy clients on a conference call. He gave them several warnings and spoke about how he feels that the country is heading into much deeper trouble than a recession.
(Bank Warns - This is Much Worse Than a Recession)
Certainly looks like it.
Much of the population to be surprised 😯 I think.
Yet again.
2008, again.
Lemme guess, global warming with 2 years left.
What the heck is Cricket flour?
Correct, same here. Things go in cycles, sometimes the smart people are in charge, and other times the idiots are in charge (Biden etc.). Meanwhile, if you can see what is coming you can most likely weather the changes.
Daughter has been looking to buy a home, and most are overpriced by greedy sellers. She has put in offers several hundred thousands under asking prices, while seeing that buyers are retreating. Homes are going through repeated price reductions and not selling. Companies are laying off people, inflation is rampant, and people are getting scared. Daughter just closed a deal on a home several hundred thousands under original asking after the seller reduced prices twice. Converting her cash to property assets before the reset. There's probably going to be worse times over the next couple years.
We are in a recession by the only definition that has ever been in use. It will continue. The Inflation has crossed the thresh=hold of failure in that to raise the interest rate enough to end the progress of the inflation would put us in a position of not having enough revenue to pay the interest on the debt if all of the tax revenue were dedicated to that alone. The only way we can end it now is Default which will shatter the world’s economy or we can cut expenditures, really cut out just about everything the government does except for the military and cut tax rates to a low flat tax-9 or 10%- and drastic reduction of nearly all regulation. That keeps us n top of the world security-wise but would be pretty bad for wages because of all those ex government employees thrown onto the market. There are no good outcomes. There is only survival as a best case with the reduction of government by 95% or so.
If you have a lot of money in banks, be very worried. If banks run into bad times, your FDIC insurance won't be paying out what you think they will. The major banks will say they don't owe you money, they owe you a share of the bank's value. If the bank's value drops by half, then your shares drop in half, and the FDIC will pay you for the value of the shares. It's not your money in the bank, it's theirs and will have been converted to shares of bank's value. Spread your money around to small banks, credit unions, etc. Or put the cash to use in other assets.
Um. I assume it’s flour made from crickets
Weimar Germany tried that and ended up with Hitler. Post-Soviet Russia tried that under Yeltsin and ended up with Putin. We tried that under the Articles of Confederation and ended up with Shays' Rebellion and the Constitutional Convention.
“He gave them several warnings and spoke about how he feels that the country is heading into much deeper trouble than a recession.”
It’s called a civil war Jamie.
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