BillHolter.com

Bill’s Commentary:

“No shit Sherlock! Truth be known, without deficit spending, GDP would have had MANY years stuck in reverse. They must “inflate or die” which means the printing press stuck in overdrive…”

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.

With the trade war between the U.S. and China intensifying, stocks and bonds sold off aggressively again in morning trade. Stock market futures slumped and bond yields spiked amid concerns over financial and economic stability brought on by the tit-for-tat exchange between the two nations.

“I think probably [a recession is] a likely outcome,” Dimon said on Fox Business’ “Mornings With Maria” show.