Posted on 04/23/2024 10:18:47 PM PDT by nickcarraway
JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.
"Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York.
The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again.
(Excerpt) Read more at finance.yahoo.com ...
It’s hard to believe we’re on the eve...
Probably some major events, but not the complete end, IMHO.
The 7 years of ‘Peace and Security’ must run first.
Will there be a World War III, possibly involving Israel before then?
I guess time will tell.
If there is, I would expect that out of that would come worldwide calls for ‘Peace and Security’.
Hang in there.
Not when he's a "Lame Duck" limited to 4 years. Not when historically, the Party running everything is overturned in a mid-term election.
Not with Social Media/Silicon Valley tripping over themselves screaming "SEE? WE TOLD YOU SO!" 24/7/365.
As another poster on the thread suggested we're more like 1930's Germany today than we are 1980's USA. They liquidated not just the Jewish populations but also undesirables. MAGA supporters are today's undesirables.
It's probably somewhat selfish, but glad I'm 78 today and not 38. And "they" should be glad too! {spit}
I am glad some people are starting to wake-up and realize we need a different candidate for President. But then, both parties need a different candidate truthfully.
Good assessment. I’ll add we are obviously less unified as a country which has a huge effect.
This guy changes his opinion on the economy every week.
Bump for later. There are plenty of reasons why today is much worse than the 1970s in many respects.
BS.
This guy gets paid big money to finally figure stuff out we all knew years ago.
The subversion of the Left predates even Obama's grandparents. Remember that FDR was influenced by Communists and other left wingers. Over a century, they have slowly come to dominate almost every public institution in this country. The current Democratic Party is communist in character and the Republicans are divided between patriots and compromisers.
Let me be crystal clear...I would crawl over a mile of broken glass to vote for Donald J. Trump.
It's just that The media is an extension/subsidiary of the Democrat Party...it's truly PUBLIC ENEMY #1. If he had 8 years, have no doubt he could affect a positive change for the country.
Merely don't want to see his legacy built up 2016-2019 destroyed by forces too determined to make him a "Fall Guy". It cannot be done in 24 months...all he would have to wield GOP power.
We cannot continue to print money out of thin air, which has been happening in TURBO-DRIVE since at least 2009.
=ANY= opposition to the media/DNC oligarchy is Public Enemy #1. They’re a totalitarian dictatorship. They are ruining the economy by massive govt spending destroying the currency. It’s straight debasement, South America style. Argentina, Columbia, Venezuela, etc.
They have totally infiltrated our schools and universities.
"Give me your children and I'll show you the future".
Shooting up interest rates is not going to stop the deficit spending. Crashing the economy to fix the economy is STOOOPID beyond belief.
If the media is public enemy #1, then so is anyone who continues to fund them with their TV subscriptions.
I'm tempted to feel the same way, but I have kids in my family that will be left with the mess we leave them, so I'll keep trying.
I agree with you. No doubt on that. But like you, looking at things from a strategic viewpoint of correcting the United States ship, we need at least 8 years with a great leader.
My biggest concern is the democrat party has gone so far down the rabbit hole at this point, I just don’t see them self-correcting.
Do you have kids...grandkids? I do (and a wife😊). So, I worry about them. My goal, until I die, is to work and position myself to pass enough on to them to maybe help them out in this worsening situation.
(Shooting up interest rates is not going to stop the deficit spending)
Yep
I don’t know why people don’t understand this.
The government has to tax us more to pay interest on the debt they already can’t afford.
Even CNN knows this
https://www.cnn.com/2023/11/16/politics/interest-payments-federal-government-debt/index.html
Interest payments on the nation’s debt are on the rise.
CNN
—
Americans aren’t the only ones feeling the pinch of higher interest rates. The US government is shelling out way more money to cover interest payments on the national debt these days.
Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
The meteoric rise in interest payments – which stems from both the increase in the nation’s debt and the Federal Reserve’s repeated rate hikes – makes it more difficult for lawmakers on either side of the aisle to achieve their fiscal priorities on Capitol Hill.
That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
This is why they want World War III
This beast is on a dangerous curve
Hello Weimar Republic
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