JPMorgan CEO: A recession is coming

[dreamshake]

Along the likes of 2008 stock market crash. Hide yo kids, hide yo wife.., cut all unnecessary spending.

What do you guys think? Is everything going to suddenly go back to normal after this? Business as usual? Or are we headed towards another inevitable recession of the economy? 6 million people filed for unemployment last few weeks.

[~primetime~]

A recession is already officially here...it a "depression" that could be coming

I think, and hope, that we will recover from this much quicker than the 2008 recession.

the unemployment numbers are scary though...I will say that

But I think a lot of the companies that had layoffs did so more in a temporary way...and will rehire once the the social distancing is done

[Draz]

Ugh. It sucks that I have so much money and I'm entirely liquid. I'm looking to park the money into an investment real estate but the house prices and condo's haven't dipped yet. In NYC the prices are still $700k+ and I'm not locking in on that.

I just hope we don't hyperinflate.

[Horatio33]

Ugh. It sucks that I have so much money and I'm entirely liquid. I'm looking to park the money into an investment real estate but the house prices and condo's haven't dipped yet. In NYC the prices are still $700k+ and I'm not locking in on that.

I just hope we don't hyperinflate.

You've posted 20,000 times on a message board. The only think fluid is your jis stained sock after you've been watching anime.

[bladefd]

https://cdn.vox-cdn.com/thumbor/URmfOrc3__kEhWp-tVP47kHF6BM=/0x0:1800x939/1120x0/filters:focal(0x0:1800x939):format(webp):no_upscal e()/cdn.vox-cdn.com/uploads/chorus_asset/file/19866745/unemployment_chart_2_UPDATE.jpg

[Stephonit]

Ugh. It sucks that I have so much money and I'm entirely liquid. I'm looking to park the money into an investment real estate but the house prices and condo's haven't dipped yet. In NYC the prices are still $700k+ and I'm not locking in on that.

I just hope we don't hyperinflate.


Maybe you should start researching some REITs? Some of them are very dangerous plays right now but if some clarity develops there might be some stellar opportunities. If you are looking for something a touch more secure and not gambling for big bucks some of the preferred stocks might be attractive. Best of all you wouldn't need to commit heavily the way you would for a real property.

[hold this L]

Really hope it's not as bad as 2008, that was brutal.

[bigkingsfan]

Our behavior will change until there's a vaccine, even if businesses wanted to re-open they're going under shortly after.

[Axe]

Brace yourselves.

[NugzFan]

Ugh. It sucks that I have so much money

:oldlol:

[NugzFan]

btw, we are long past recession. this is going into depression territory.

[Nanners]

What a thoughtful insight... maybe for his next trick Dimon can tell us all what color the sky is

[dreamshake]

Along the likes of 2008 stock market crash. Hide yo kids, hide yo wife.., cut all unnecessary spending.

What do you guys think? Is everything going to suddenly go back to normal after this? Business as usual? Or are we headed towards another inevitable recession of the economy? 6 million people filed for unemployment last few weeks.

Correction: 6.6 million filed for unemployment last week of March. Before that 3.1 something million which brings us to nearly 10 million for just March.

[dazzer87]

Really hope it's not as bad as 2008, that was brutal.

LOL......"Not as bad".....its going to be much worst than 2008.......

[Raymone]

The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said. (https://www.reuters.com/article/us-health-coronavirus-imf-idUSKCN21R1SM)

[bladefd]

Correction: 6.6 million filed for unemployment last week of March. Before that 3.1 something million which brings us to nearly 10 million for just March.

6.6 million more filed for unemployment last week (first week of April). https://www.cnn.com/2020/04/09/economy/unemployment-benefits-coronavirus/index.html

Total is up to 16mil

[Manny98]

This is what I have been warning you morons about for the past month

"B-bu bu bu but people are dying"

[NugzFan]

This is what I have been warning you morons about for the past month

"B-bu bu bu but people are dying"

what the **** is wrong with you?

seriously.

people are dying. mothers, fathers, brothers, sisters, friends, neighbors. just because you don't know them doesn't mean they don't matter. people dying isn't fake.

you sick ****.

you can believe whatever conspiracy theory you want but be compassionate. be understanding. be sympathetic. these are real people. you being mildly inconvenienced doesnt ****ing matter. sit home, watch netflix, order some food, be grateful. you can breathe. you are alive.

holy shit why dont you get this?

[DoctorP]

what the **** is wrong with you?

seriously.

people are dying. mothers, fathers, brothers, sisters, friends, neighbors. just because you don't know them doesn't mean they don't matter. people dying isn't fake.

you sick ****.

you can believe whatever conspiracy theory you want but be compassionate. be understanding. be sympathetic. these are real people. you being mildly inconvenienced doesnt ****ing matter. sit home, watch netflix, order some food, be grateful. you can breathe. you are alive.

holy shit why dont you get this?

relax. hes a low IQ demonic troll. prob sent from the iluminatis to get you mad so he can master bate

[NugzFan]

relax. hes a low IQ demonic troll. prob sent from the iluminatis to get you mad so he can master bate

true.
:oldlol:

[Manny98]

what the **** is wrong with you?

seriously.

people are dying. mothers, fathers, brothers, sisters, friends, neighbors. just because you don't know them doesn't mean they don't matter. people dying isn't fake.

you sick ****.

you can believe whatever conspiracy theory you want but be compassionate. be understanding. be sympathetic. these are real people. you being mildly inconvenienced doesnt ****ing matter. sit home, watch netflix, order some food, be grateful. you can breathe. you are alive.

holy shit why dont you get this?
People dying doesn't justify Draconian lockdown measures and forcing a worldwide economic depression

[NugzFan]

People dying doesn't justify Draconian lockdown measures and forcing a worldwide economic depression


Haha yeah you’re a troll

A soulless heartless troll.

A sad kid crying because he can’t go to his favorite toy store because he’s inconvenienced by “people dying”

Newsflash: nothing you care about matters right now.

[Manny98]

Haha yeah you’re a troll

A soulless heartless troll.

A sad kid crying because he can’t go to his favorite toy store because he’s inconvenienced by “people dying”

Newsflash: nothing you care about matters right now.

I'm heartless for looking at the bigger picture :oldlol:

[NugzFan]

I'm heartless for looking at the bigger picture :oldlol:

nice spin. youre heartless for putting your meaningless, selfish needs over the lives of others.

[Manny98]

nice spin. youre heartless for putting your meaningless, selfish needs over the lives of others.
No I actually do care about the millions of Brits that are struggling to put food on the table because they no longer have any income

I also care about the millions of people who will suffer from severe depression due to the lengthy social distancing and the Draconian lockdown measures for a virus that kills no more than the seasonal flu

[Lakers Legend#32]

We are in a recession now.
We will be in a depression soon.
Bored with all this winning yet, Trump Tards?

[ZenMaster]

We are in a recession now.
We will be in a depression soon.
Bored with all this winning yet, Trump Tards?

You're nothing but a one liner loser, celebrating hardship for millions of people, such a sad existence.

[BarberSchool]

This dude is stating the obvious weeks after everyone already knew it, as if he’s the first one who saw it clearly.

The only thing worse than these type of dudes, and the one who laud their proclamations.

[bladefd]

Lil Donny takes all the credit while gloating nonstop when market/economy is doing well, but when it isn't doing well he blames someone else. :confusedshrug:

Trumpeters also won't ever admit that they were artificially propping up the market/economy through the tax-cuts/stock buybacks/low interest rates. Interest rates have been pretty low since Obama days but huge tax-cuts/stock buybacks was under Trump.

When an artificial market goes crashing, it goes down spectacularly..

[John Connor]

https://time.com/5818819/imf-coronavirus-economic-collapse/

International Monetary Fund Head Predicts Coronavirus Will Trigger 'Worst Economic Fallout Since the Great Depression'

[John Connor]

Lil Donny takes all the credit while gloating nonstop when market/economy is doing well, but when it isn't doing well he blames someone else. :confusedshrug:

Trumpeters also won't ever admit that they were artificially propping up the market/economy through the tax-cuts/stock buybacks/low interest rates. Interest rates have been pretty low since Obama days but huge tax-cuts/stock buybacks was under Trump.

When an artificial market goes crashing, it goes down spectacularly..

The market was not allowed to correct in 2008. Obama did what he could to stop it from falling apart... but it could never be stopped. He delayed it... he kicked the can down the road. And that's the point that was missed in 2008. People think we fixed it and that we all recovered and everything was fine... we didn't. This was always coming down the pipe. The federal reserve was never able to get to a point to raise interest rates back to a healthy level. That was the primary indicator/marker that nothing ever got fixed.

We didn't swallow our medicine in 2008 and let the market correct. We tried to intervene because we didn't want to deal with the problems. And no doubt, we did lessen how painful 2008 was... for a short time. We made things feel and seem better. But we didn't fix it. As I said, this was always coming. We should have dealt with in 2008 and let the market correct. Say it with me.

Anyways... Obama blew the bubble way up. Trump blew it up even further. They're both at fault and if you can't admit that it's because you're naive/blindly partisan. And too much power is put on these guys' names. It's the federal reserve and the entirety of the Untied States government. It's not as simple as 'but hurr durr Clinton/Bush/Obama/Trump.' It's demonstrably more complex and nuanced than that.

[bladefd]

The market was not allowed to correct in 2008. Obama did what he could to stop it from falling apart... but it could never be stopped. He delayed it... he kicked the can down the road. And that's the point that was missed in 2008. People think we fixed it and that we all recovered and everything was fine... we didn't. This was always coming down the pipe. The federal reserve was never able to get to a point to raise interest rates back to a healthy level. That was the primary indicator/marker that nothing ever got fixed.

We didn't swallow our medicine in 2008 and let the market correct. We tried to intervene because we didn't want to deal with the problems. And no doubt, we did lessen how painful 2008 was... for a short time. We made things feel and seem better. But we didn't fix it. As I said, this was always coming. We should have dealt with in 2008 and let the market correct. Say it with me.

Anyways... Obama blew the bubble way up. Trump blew it up even further. They're both at fault and if you can't admit that it's because you're naive/blindly partisan. And too much power is put on these guys' names. It's the federal reserve and the entirety of the Untied States government. It's not as simple as 'but hurr durr Clinton/Bush/Obama/Trump.' It's demonstrably more complex and nuanced than that.

It all starts back to the 90s when people were doing whatever they wanted & taking investment risks in a growing economy, but the difference was we didn't have this big debt in the 90s so we could have absorbed an economic crash then if it happened. Then 9/11 happened, turning everything upside down.

This time around, we are carrying a baggage on our backs of a massive debt. Those 2 wars, massive spending in places like Middle East and 2008 crash has us cornered. I don't even have any hope in Trump in leading us out of this. He will just call for more bailouts and negative interest rates (dunno how that even works). Next president Biden might be unsure what to do..

We will have to take steps like FDR took to get us out of the great depression.. Somebody will have to see how they got us out and try to learn from that. I don't trust anyone to do what needs to be done..