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]

[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

[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.