JP Morgan CEO Jamie Dimon believes a recession may be "a likely outcome" as markets grapple with the effects of President Donald Trump's tariff policies.
  • @96ToyotaCamry@lemmy.world
    18•6 months ago

    They just don’t want to acknowledge it’s happening already because that would drive markets further down. It’s happening.

    • @n2burns@lemmy.ca
      11•6 months ago

      When they say “recession,” they are talking about a very specific definition:

      Declines in real gross national income (GNI) for two consecutive quarters

      This can only be confirmed once we have the data. So, you are likely right, we are probably already in a recession. However, it’s not “They just don’t want to acknowledge it’s happening,” it’s that they can’t confirm it’s happening until 6 months after a recession has started.

      • Match!!English
        3•6 months ago

        this is likely also why Trump did this shit right at the start of a new quarter