JPMorgan becomes first Wall Street bank to forecast US recession following Trump's tariffs

[BLMFem]

JPMorgan becomes the first Wall Street bank to forecast a US recession following Trump's tariffs

 

JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy.

The firm's chief US economist Michael Feroli sees a two-quarter recession occurring in the back half of 2025 as GDP contracts by 1% in the third quarter of the year and by 0.5% in the fourth quarter. For the full-year 2025, Feroli's team projects GDP will fall by 0.3%.

[PomPolo]

Yep it is American citizens that are going to foot the bill for this everything is going to be a lot more expensive to buy, that's the reason there was a trade deficit in the first place you go to the right places to buy the right things at the right price. and sell them to your citizens at the right price to avoid inflation and recessions, good luck America

[PomPolo]

I was on Penguin Social earlier and apparently the head penguin is not too worried about things, the head penguin is not quite sure what they export from Heard and McDonald Islands to get a 10% tariff but I am lead to believe there have been large protests on the island the last couple of days, even the seals are coming together with them as one to fight these new tariffs.
The only questions I can see them asking on Penguin Social is who is Donald Trump? and Where is America? and ..... "I need fish"

[connda]

A major recession would be healthy.

[BLMFem]

2 minutes ago, connda said:

A major recession would be healthy.

Yes, especially for American consumers. Very healthy to not have to worry about whether to buy product A or product B because you can't afford any of them anymore.

[placeholder]

44 minutes ago, connda said:

A major recession would be healthy.

The jobless could go to the gym instead?

[dinsdale]

I've previously stated the markets will go bear. That's what they're doing. Investors worrying about their profits from cheap labor being eroded. The markets will level out and come back up. Let's see what they look like in a month or two. This is the Dow Jones over the last five years.

[KhunLA]

4 hours ago, dinsdale said:

I've previously stated the markets will go bear. That's what they're doing. Investors worrying about their profits from cheap labor being eroded. The markets will level out and come back up. Let's see what they look like in a month or two. This is the Dow Jones over the last five years.

At least use S&P 500, as the Dow Jones isn't a marker for anything.  Neither is S&P  ... IMHO

 

So the elite are concerned people won't continue to be force to work low paying jobs, to the elites benefit.

 

... GOT IT

 

Why cherry pick the last 5 yrs .... 

 

They're called corrections, and the market is way overdue.

 

 

Or maybe just a repeat of Pres. Trump 1st administration,  When it went up about 50%

 

 

Biden had a high of about 44k, about 50% also, though didn't help the little folks with high inflation, silly housing prices & RE Taxes now.  

 

Like I stated, the market means nothing to the regular folks.

 

During Pres Trump 1, S&P up over 65%.  If using the markets as a gauge for his economic policies ... well, nuff said.

 

 

 

[still kicking]

4 hours ago, placeholder said:

The jobless could go to the gym instead?

Are they free in the US?

[Patong2021]

5 hours ago, connda said:

A major recession would be healthy.

 

Tell that to the people who will lose their  jobs, homes and lives.

[Jingthing]

Recession? Little doubt.

The really serious question is whether Donald Trump is leading us into a depression. 

[SunnyinBangrak]

4 hours ago, placeholder said:

The jobless could go to the gym instead?

Or back home, to their countries.

[placeholder]

7 hours ago, SunnyinBangrak said:

Or back home, to their countries.

Immigrants legally authorized to work in the USA make up about 13% of the workforce. Those not authorized make up about 5%. Do you think roughly four jobless Americans for everyone 1 jobless immigrant Iis worth it? Or is this going to be a magical recession where only non-citizens lose their jobs?