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Spencer Hakimian
@SpencerHakimian
Wall Street Journal now reporting that Jamie Dimon told investors last week that the *best case outcome* is now a recession for the U.S. This was at the same closed door meeting where Bessent told the same investors that the current tariffs on China are unsustainable. How much louder do they need to get before asset prices get the message?
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patricio Il Tasso🇺🇦
@IlTasso84592
And for those not in finance, take from this statement that there is generally no reason to beleive we are in the best case when we say what the best case scenario is.
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The Liberation Project
@TheLibProj
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Laurence (Larry) Boorstein
@LarryBoorstein
Ok, JP Morgan CEO thinks the "best case" outcome of tariffs is a "mild recession." What's the "worst case," another "Depression?" What about the "most likely case," a "severe recession?" The last time someone tried tariffs, it was Smoot Hawley. The Great Depression followed.
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BeardedKsum📍#H-Town
@BeardedKsum
But yields are down since. Really weird stuff going on. Is it a case of not wanting to be the first to pull the plug and watch asset prices plummet? Or is it a case of “where else do we park the money?”
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Merrick Lackner
@merricklackner
It's wild, things are escalating so fast I think we are much more likely to see deflation as a result of paused purchasing in a more than mild recession.
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JMF
@JoeFarr86
Something just doesn't make sense. These are smart guys that are going all in on Trump... how the hell can they be good with all of this crazy crap?
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Ten Beers
@NBee007
This is a tough call. If you ride it out, you could be whiped out. If you sell and it doesn't crash, you could erode your entire portfolio. It's almost a lose lose. Need a pro to help hedge against this madness.
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WVMIV 🇺🇸
@wvmiv
Trump: I don't wanna be Herbert Hoover Trump: *proceeds to do Herbert Hoover on steroids stuff*
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J. Miller
@milleropoulos
Dimon is a smart executive. Sees writing on wall. Writing still on wall. Days pass and writing remains on wall, now standing out ever more clearly. Dimon concludes: no amount of this team's saving face will ever be enough, iceberg incoming, brace for impact.
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Tim Low
@tlow
Oh. At least he told us that his wife supported Kamala Harris. I’m guessing he’ll be fine whatever happens. Poor people maybe not.
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Alice Lund
@AliceLund7
They all believe this is temporary, just some negotiations, then everything will go back to normal. Many MAGA writes that anyway.
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Fight4DemocracyNow
@ElkeHollings
Thought that since November 5th, 2024. Folks don't seem to realize we were falling into a recession in 2019 pre-covid. For the life of me, how people could vote for Trump based on the economy. Most people don't understand economics or government.
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red dot three
@griffinz01ggu
this is the same jamie dimon who cheered and went all-in for tRump. kinda put a big question mark on his judgment, doesn’t it?
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Sophia
@JerrettSophia
The fact is that it’s manufactured and a self inflicted wound and now everyone has to pay for their incompetence
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Parker
@MParker7777777
Xi and friends are enjoying this show, along with Putin. Sad we have such a lack of strategy in our current administration. It's pathetic and scary. Many of my friends are looking for other countries to live in right about now.
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Bibi
@GilesBid91902
Bessent now threatening an “escalation letter” in his pocket is preposterous & horrible bluffing.
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Forrest Dweller
@northstar_wind
Trump & his Republican enablers did this on purpose to kill USD & move to crypto. Guess why? Been warning for years. Dictatorship in progress. MAGA FU! Enjoy your empty shelves, lack of defense protection, and paying more while the dollar delivers less. 🤬
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NewJeffCT
@NewJeffCT
It was only a few months ago that The Economist called the US economy "The Envy of the World" - Trump could have let it ride & taken credit for it, just like he did when he inherited a good economy from Obama.
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hoxtonm77
@hoxtonm77
I love your posts. Please don’t mind me spamming them with the “too much winning” gif. It’s just that it’s so perfectly aligned to what you’re posting. Lol.
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KarlFiscal
@KarlFiscal
Cuando Wall Street predice recesión, es como ver a un pirómano avisando del fuego. Mientras, en los Emiratos seguimos con el termostato en 'estabilidad económica'.
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FPSDougie
@FpsDougie
Stocks “looking through” to the endgame? Recession, blowout Federal deficit, yields rise, yield curve control, assets to the moon (in nominal, not real terms?)
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Spencer Hakimian
@SpencerHakimian
$31 tariff on a $22 dress for a total of $54. Get ready to see anger like you have never seen before. Americans are addicted to cheap goods and this shock therapy isn’t going to go over well with them.
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Brett Meiselas 🇺🇸🦅
@BMeiselas
So you’re telling me a small group of billionaire elites—let’s call them a cabal—is coordinating through Signal chats to secretly control narratives and manipulate public opinion behind the scenes? Interesting.
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BuccoCapital Bloke
@buccocapital
Can’t stop laughing at this leaked groupchat screenshot. It’s perfect.
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BonkDaCarnivore
@BonkDaCarnivore
MGM laying off all concierge staff at all Vegas resorts except Aria and Bellagio; closing buffet at Excalibur, parking staff reductions due to lower visitor counts and demand. The Golden Age continues
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Anders Åslund
@anders_aslund
Rarely has a financial crisis been so easy to predict, because it is caused by the US president: 1. Tariffs drastically reduce shipping to the US. 2. Complete uncertainty minimizes investment in the US. 3. The world seeing US madness sells $, 4. & sells US treasuries. /1
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