« previous next »
Pages: [1]   Go Down

Author Topic: JPMorgan CEO Dimon Expects Recession and Defaults  (Read 135 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 401,698
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/
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 11,210
  • Gender: Male
Re: JPMorgan CEO Dimon Expects Recession and Defaults
« Reply #1 on: April 09, 2025, 04:17:55 pm »
Trump was watching Dimon on TV.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Online Canuck Conservative

  • Hero Member
  • *****
  • Posts: 402
  • Gender: Male
  • Nature-loving Conservative!
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.
Logged
FreeRussia is controlled by a small group of anti-free-speech Nazis - no wonder its donations are down!!
Pages: [1]   Go Up
« previous next »