Dimon Says Recession Is 'Likely Outcome' of Tariff Upheaval

[JohnSJ]

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said a recession is a “likely outcome” of the turmoil tied to President Donald Trump’s tariffs.

“No one’s wishing for that but hopefully, if there is one, it’ll be short,” Dimon said Wednesday on Fox Business. “Fixing these tariff issues and trade issues would be a good thing to do.”

Dimon said that, while he hasn’t seen an uptick in defaults yet, he expects them. “We haven’t had any slowdown or real recession — Covid was so short I almost don’t include it — in so long that if you have rates going up a little bit and inflation is sticky and credit spreads are gapping out, which they’re going to, I think you’ll see more credit problems than people have seen in a long time,” he said."


https://www.bloomberg.com/news/articles/2025-04-09/dimon-says-recession-is-the-likely-outcome-of-tariff-upheaval?srnd=homepage-americas

[multigraincracker]

1. Recession Likely Outcome. House and Senate flip parties..

[Bernardo de La Paz]

2. No Blue Wave. It will be a Blue Storm Surge

tRump-maga economic hurricane will drive Blue Storm Surge, bigger than a mere wave.

[multigraincracker]

5. A once in 60 year storm.

[Bernardo de La Paz]

7. More like a once in 96 years storm. I think the 1930 midterms may be the model

Hoover elected 1928.
Presided over market crash in 1929.
Signed Smoot-Hawley tariff tax June 1930.

Then November 1930 happened.
https://en.wikipedia.org/wiki/1930_United_States_elections

Senate: +8 Dem (35 contested, only 96 seats then)
House: +52 Dem
Governors: +7 Dem (33 contested)

Then November 1932 happened.
https://en.wikipedia.org/wiki/1932_United_States_elections

President: FDR: 472 EV, Hoover 59. Popular vote margin: Dem +17.8%
Senate: +12 (compared to 1930)
House: +97 (compared to 1930)
Governors: +11 (compared to 1930, 35 contested)

Democrats need a 21st century FDR. RepubliConners have their Hoover (tRump for midterms, Vance for 2028).

[uponit7771]

3. The cost of 34% of goods from China the middle class uses has doubled, this will be a depression for the middle class

[Blue Full Moon]

4. Try Great Depression

[PoindexterOglethorpe]

6. Tariffs, no tarrifs, it doesn't matter.

We ALWAYS have a recession during Republican presidencies. Always.

[Dave says]

10. We do, don't we?

But MAGA tell us Republicans are masters of the economy?

I used to work for a financial services firm and their data over the last 110+ years show Democrats, not Republicans, create the best economies in terms of job growth, stock growth - basically everything that matters to us. The worst, by far, is when Republicans run the Presidency, Senate, and House. In today's world, throw in the SCOTUS, federal courts in general, and major media. We're in for a whole lotta' hurt.

[dalton99a]

8. The Trump stagflation - worse than any recession

[imanamerican63]

9. I believe it because of Trump's inept behavior!

Tariffs increased the possibility, but Trump has caused this issue wholeheartedly!