Jonathan Liang of JPMorgan Asset Management says tightening credit conditions will probably be the “primary driving force.”
The U.S. is likely headed for a recession in end-2023 or early 2024, JPMorgan says
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wrong
Shame that Powell won’t stop raising rates until -more Americans lose their jobs- labor markets soften.
EDIT: Using sociopathic euphemism
They been saying a recession is coming for 4 years now
“They”
@First Last right wing media
@Mano two wings of the same dying bird
To speak of the “economy” as a monolithic thing is misleading. We have a bifurcated economy. Large corporations and their investors (i.e. rich people) are doing well. The vast middleclass, low-income workers, and small businesses have been struggling for over two years. For them, the recession is old news; they are in midst of one. Pundits agree that in late 2023 the US will feel the effects of the recession – meaning consumers will finally be too poor to buy much beyond the bare necessities, and some cannot afford even that. But as always, the effects of government-caused inflation and constraints on real competition are hitting the “have nots” while the “haves” are in hog heaven.
Same argument, nothing happened. Why do we expect diff result? Also, “fed 2% target seems distant” 1:00 isn’t from JPM. The chair said that himself in many occasions.
This guy said that COVID checks are still keeping the economy going but what about the 40% gain in asset values you don’t think that banks like uhhhh JPM giving out HELOC loans has anything to do with that? LOL