Posted on 10/15/2019 2:53:21 PM PDT by ChicagoConservative27
JPMorgan Chase CEO Jamie Dimon warned on Tuesday that a recession is on the horizon thanks to the continuing trade tensions with China.
“Of course there’s a recession ahead,” Dimon said during a morning call with reporters after the bank announced its third-quarter earnings.
“It does look like geopolitics, particularly around China and trade, are reducing business confidence and business capital expenditure,” Dimon added.
On Tuesday afternoon, however, JPMorgan Chase spokesman Joe Evangelisti sought to downplay Dimon’s comments, noting that his boss didn’t mention the timing of his prediction.
(Excerpt) Read more at nypost.com ...
.
“Of course there’s a recession ahead,” Dimon said, “there’s a Republican in the Whitehouse!”
There’s an earthquake and a volcano coming too!
It’s called the “business cycle.”
You’d think a grand fubab of Big Bank would know that.
I do believe that there will be a recession. It happened with Reagan and it will happen again.
The democrat policies drag down the market and place undo pressure on the markets.
Look what happened when the rapist was president. We had great growth and prosperity.
When you plant a garden, the fruits of your labor will not happen overnight.
Oreo told us our best days were gone. I disagree. I believe in our future and the possibilities, not the false narratives from an enemy.
GS is in bed with the wealthiest rats in the country.
JPM surprised analysts today with record earnings.
404 Not Found
The “average” expansion is about seven years. I would suggest a recession is closer to us in time, than the start of the expansion. It doesn’t mean it’s happening next week.
Notto be pedantic, but the stock market is not an indicator of economic strength. It is an indicator that all other avenues of “return” are drying up. At best, it is perhaps the worst lagging indicator of economic health.
If a US manufacturer wanted to build a plant to produce what we used to buy from China, would Jamie give a loan? AT waht Interest rate?
When Jamie stands at the ground breaking a a new plant he financed, I will listen. Probably not agree, but at least listen. But as long as Jamie is focused on leveraged buyouts that create few jobs, shut up.
Sooner or later there will be a recession.
Sort of like warming and cooling and warming and cooling.
What is it about liberals that makes them unbelievably stupid and naive?
Didn’t he still get some 8 figure bonus?
The Demagogic Party has been wishing it to be so, but it isn't happening. The "news" feed on my stock account had the various Trump-bashing headlines stuck in there all day -- usually the story links scroll down with the newest at the top, these didn't. That's a corporate decision, even if it was due to some leftist troll who works there -- if they don't get it fixed, they support it. So is giving priority to BS like "we need a new capitalism" and "the market will rally if Trump is impeached". All that heppened today.
Is that what Soros told you to orchestrate, eh, Jamie?
Dimon is a democrat with close ties to the Obama administration. As CEO of JPMorgan, he benefited from $25 billion in TARP funds from the federal government in 2008. In 2012, Obama’s SEC let him gey away with misleading investors for over a month about $1 billion in derivatives trading losses.
He’s hoping.
I will immediately divest any assets I have with their business.
Absolutely correct. At some point there will be a recession. If he keeps saying that he will eventually be right. Probably when we elect enough democrats to cause it.
So we should be banking our space change, jackass?
Someday he will be correct.
I predict that there will be a big erfquake in California.
I predict that the shock market will go crashing down and claw back up and the cycle will repeat.
I predict you will get wet if you go out in the rain without an umbrella.
etc.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.