'There Will Be Blood': JPMorgan Hikes Odds of Trump-Triggered Recession to 60% | Common Dreams
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Stocks are plummeting and JPMorgan warns of a 60% risk of global recession due to Trump's tariffs.

“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”

  • ripcord@lemmy.world
    54·
    3 days ago

    Recession is a good time - at the bottom.

    We’re still at the top.

    You guys have fun losing all your money, though. Like the person I replied to complained about.

    • Corkyskog@sh.itjust.works
      2·
      3 days ago

      What are you going to convert your stocks into Euros? Renminbi? USD? Bitcoin? There is just a lot of uncertainty, and I wouldn’t recommend anyone selling everything.

            • Aux@feddit.ukEnglish
              1·
              2 days ago

              S&S are going down and you’re selling, money markets are going up and you’re buying. You’re literally doing the opposite of what you want, lol.

              • ripcord@lemmy.world
                1·
                2 days ago

                Yes, I sold the stocks while they were still relatively high, before they go down substantially more.

                I bought the money markets which are going up instead of further down.

                These assets will almost definitely be valued much higher on the near future than if I hadn’t made the trades.

                I will re-buy stocks when they reach a much lower point and I believe are likely to start increasing steadily again.

                Why do you think that’s the opposite of what I want? That’s exactly what I want.