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Author Topic: JPMorgan CEO Dimon Expects Recession and Defaults  (Read 133 times)

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Offline mystery-ak

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JPMorgan CEO Dimon Expects Recession and Defaults
« on: April 09, 2025, 02:11:13 pm »
Wednesday, 09 April 2025 08:51 AM EDT


JPMorgan Chase CEO Jamie Dimon said Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ Mornings with Maria.

"So long as you have rates going up... inflation is sticky and credit spreads are gapping out, which they're going to, I think you'll see more credit problems," Dimon said.

Dimon urged fast progress on trade negotiations with U.S. trading partners in order to calm markets, which have been roiled by tariff announcements.

https://www.newsmax.com/finance/streettalk/jamie-dimon-jpmorgan-recession/2025/04/09/id/1206231/
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Offline DefiantMassRINO

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Re: JPMorgan CEO Dimon Expects Recession and Defaults
« Reply #1 on: April 09, 2025, 04:17:55 pm »
Trump was watching Dimon on TV.
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Online Canuck Conservative

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Re: JPMorgan CEO Dimon Expects Recession and Defaults
« Reply #2 on: April 09, 2025, 04:28:22 pm »
Quote from: DefiantMassRINO on April 09, 2025, 04:17:55 pm
Trump was watching Dimon on TV

It should never have had to come to that.

Pres. Trump needs some better advisors - get rid of the neophyte day-dreamers and get some people with actual real-World experience.
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