The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration’s sweeping new tariff regime, according to Wall Street banking giant JPMorgan.
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I believe all these predictions are for the 2025 calendar year. While the article doesn’t explicitly state, they do mention forecasts for 2025, so I think it’s safe to say they think the odds of the US will be in a recession by the end of the year is at 60%.
Ah ok, that makes more sense. I still say they’re being recklessly optimistic, but at least they’re not implicitly denying a certainty 🤷
I find it hilarious that everyone was surprised by the world wide tariffs, Trump has shown he’s willing to destroy anything to get what he wants (and it’s what he wants, not what’s best for America)
Most establishment media are still stuck in the 1990s just like the Dem leadership. They keep expecting this shit show to normalize any moment so they can get back to calmly enriching the less publicly malicious oligarchs without people noticing.
To paraphrase a quote commonly attributed to Mark Twain, it’s much easier to fool people into fucking around than to force them to find out 😉