J.P.Morgan raises odds of US recession by year end to 35%

    https://www.reuters.com/markets/us/jpmorgan-raises-odds-us-recession-by-year-end-35-2024-08-08/

    Posted by batyrshah

    31 Comments

    1. Equal_Efficiency_638 on

      Almost like there’s something happening later this year where the CEO of jpmorgan has a desired outcome! 

    2. Invest0rnoob1 on

      ![img](emote|t5_2th52|4271) Please quit posting about these clowns. I can only laugh so much.

    3. Helpful_Win_9984 on

      Like am I the only one who thinks this is weird and bad. Hey I’m a big American bank who makes money off the American people but I believe all the American people have a 35% chance of suffering for the rest of the year and potentially longer, no we won’t try and do anything about it. Now invest in us! Thanks!
      Signed
      J.P Morgan

      Second thought, who the fuck are these people anyway

    4. GeraltofRivia7770 on

      There is a 35% chance OP of grandmas Intel money will make it all back in 5 years.

    5. Terrible_Manager_370 on

      I remember back in 2022 when the Democrats tried to change the definition of recession and Wikipedia had to lock that page down. 

    6. We still don’t seem to have a truly objective definition. Closest is 2-consecutive quarters of GDP decline. That would mean that this current quarter is negative as is Q4. Q2 was 2.8% and Q3 estimate is 2.9%. Sure, might have softened and miss a bit. But very unlikely it swings negative.

      Btw… all that talk of recession couple years ago and we actually did have 2 consecutive quarters of decline Q1 22 and Q2 22. But people were like… oh, but this doesn’t count as recession because unemployment is so low.

      In my mind, we already had our recession in 2022 🙂

    7. StrawberrySuperb9229 on

      They’re just trying to fear monger to buy stocks at the dips. So cringe.

    8. JD is washed tf out. Semi retired ass. Warren buff would run circles around him. All day

    9. It does seem to be a bit of a perfect storm right now. Especially with the old reliable Intel taking an absolute beating.

    10. buythedipnow on

      They should just push it to 50% and then end of year say I told you so no matter what happens.

    11. Pretend-Money-3758 on

      From what I’m to understand is that over 90 percent of stocks are owed by only 4 percent of the pop and the top 1 percent is wealthier than all the middle class so any recession is novel and there more to the story

    12. Jamie Dimon’s been saying there’s going to be “an economic hurricane” for more than the past two years. The rain dancers dance, and then when it eventually rains, they become known as oracles. Laughable.

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