CEO of JPMorgan warns US of economic fate worse than recession: ‘The worst outcome’

15 comments

1. We’ve already had the worst recession since the Great Depression in 2008. I think they called it the Great recession. What will the next one be the bad recession?

2. If the stock market crashes it because the rich sold their shares and stop buying shares. If the housing market crashes it because not enough people can buy a home because of their low wages and high housing costs. If commercial real estate crashes it will again affect the rich and the banks. The top is getting to heavy for a non existent bottom.

3. That’s what you wanted Jimmy. You helped create it and now you threaten the public with it. You’re a real mensch.

4. Bidenomics should kick in any day now

5. Reagan’s claim in his 1980 campaign that tax cuts would spur the economy and the benefits ‘trickle down’ was dismissed as ‘voodoo economics’ by his Republican primary opponent George HW Bush.

   Reagan presided over record federal deficits and financial instability, while income inequality and a slew of social problems spiralled out of control during his two presidential terms.

   In recent decades, income inequality has become chronic and, in some cases, grotesque. Contrary to neoliberal ideology and far right extremists libertarians tech bros Free of consequences market bs

   this is not a price of growth but a consequence of stagnation which keeps generating further economic weakness.

6. Seems totally organic, since this is in the offing [https://www.propublica.org/article/inside-ziklag-secret-christian-charity-2024-election](https://www.propublica.org/article/inside-ziklag-secret-christian-charity-2024-election)

7. This dude sounds like a fearmonger.

8. Regardless of his position, this man is a known liar. Take his public statements with a mound of salt.

9. Dear anyone new to this guy: He’s always full of bullshit.

   He’s saying this now because of the two rate cuts the fed is looking at right now, they’re eyeing the smaller one. Jamie wants the big one. That gets him more money faster.

   Every time he comes out with a press release the goal is to shift public opinion. Here he wants shift public opinion toward economic concern to indirectly pressure the fed.

10. STFU Jamie. No one f*cking cares what you think

11. For the life of me I can’t understand why this guy is CEO of one of the most powerful banks. He’s been one of the dummies predicting a recession “any moment now” for the last 12 Qs. Shut up, Jimmy.

12. I don’t say this often, but, cunt gonna say cuntish things.

13. Seems like most of these comments didn’t even read what he said. He’s referring to Stagflation, and not saying anything about an impending doom or such.

14. Why does anyone listen to, print, or distribute the messages of this fuck-nut?  He’s a CEO with and MBA.  He’s not an economist, he’s not a scholar, and his main charge in life is making money for the shareholders of JP Morgan.

    Stop posting this ass-hat’s verbal diarrhea as if it had merit or weight, it has neither.

15. This guy is a perma bear, every few months he comes out saying the sky is falling. I’ve closed all my relationships with Chase.