JPMorgan Chase CEO Jamie Dimon is warning that the Iran war will lead to prolonged inflation and higher interest rates that ultimately will tip the U.S. economy into a recession.“The skunk at the party — and it could happen in 2026 — is inflation slowly going up, as opposed to slowly going down. This alone could cause interest rates to rise and asset prices to drop,” Dimon said in his annual letter to shareholders on Monday.“Interest rates are like gravity to almost all asset prices,” he added. “And falling asset prices at one point can change sentiment rapidly and cause a flight to cash.”Dimon said the U.S. is generally less vulnerable to the rapid increases in oil prices that helped drive the recessions in 1974 and 1982 but warned of the risk of oil and commodity price shocks in the months ahead.“Now, because of the war in Iran, we additionally face the potential for significant ongoing oil and commodity price shocks, along with the reshaping of global supply chains, which may lead to stickier inflation and ultimately higher interest rates than markets currently expect,” he wrote.https://thehill.com/business/5817802-jamie-dimon-warns-inflation-recession/
>>1503901lowkey hate this graph solely because it makes it seem like the abnormal spike of hiring following COVID was the norm. Extend it back a few years earlier you cowards.
Trump's War might raise gas to $6, if that happens, the only way Republicans survive the midterms is if trump stages a coup. Which he will.https://www.rawstory.com/midterms-2676667444/
>>1503904>Trump's War might raise gas to $6, if that happens, the only way Republicans survive the midterms is if trump stages a coup.Bro they were fucked BEFORE he started the exact kind of money and lives draining middle east war he campaigned against.
>>1503905Now they're mega fucked thanks to republicans.Only the biggest conservative cultists, aka republicans will cling to trump.
>>1503901How will flyover peasants blame black people for this?
>>1503908>>1503905As long as Dems keep fighting for trans agendas, normal people will always vote Republican
>>1503928>I'd gladly ruin my own life as long as I don't have to see one of those TRANSES
>>1503901Meanwhile, Trump's brain is so fucking decayed he's claiming he took out Bin Laden and that he'll learn spanish and win the election in Venezuela next.
Jamie Dimon I don't believe in increasing taxes on the rich. The JPMorgan chief noted that pro-growth policies, including regulatory reform, immigration changes and merit-based systems.He also proposed expanding income tax credits for low earners, suggesting the government could double such benefits to boost economic mobility and community spending.Neoliberals are the last death gasp of late capitalism
>>1503912They'll think of a way to blame Obama, don't worry.
>>1504037You realized Obama started this mess when he funded Irans nuclear and ballistic missile program right? Iran. Who has been attacking America and our allies for almost 50 years. Obama gave them millions upon millions. He literally armed our enemy when he should've been defending us against them. He's a failure. Weak. We didn't start this fight but we sure as hell are gonna finish it.
>>1504038Trump literally wants them to agree to the same deal Obama made with them. The same deal he personally ripped up.
>>1504039Fake news because he's not bribing the Iranians and arming them in his deal. Obama literally paid them out, bought them missile tech. He's a fucking traitor, no surprise that's the last legacy of America's first black president. Blacks all have a chip on their shoulders against white Americans. Fuck him.
>>1504040you're literally not white or american
>>1504041Chopping your dick off doesn't make you a woman, troon, now stop grooming children
>>1504042thanks for proving my point
>>1503901YAY!!!We can Get Trump now!!!
>>1504039Yeah but that was back before Trump made it clear he worships Israel before all others and bombed Iran at Israel's request.
