JP MORGAN CHIEF ECONOMIST EXPECTS A -14% CONTRACTION OF THE AMERICAN ECONOMY

[Anonymous No.17941969]

>U.S. economy will shrink by 14% as coronavirus leads to worst contraction in 50 years: JPMorgan Even if there’s a rebound in the second half, the economy will still shrink almost 2% over year Canada can expect 6 to 7% drop in GDP, says CIBC deputy chief economist Benjamin Tal

>The coronavirus outbreak will result in the worst quarterly GDP growth contractions in the past 50 years, according to a new JPMorgan Chase and Co. note which predicts that the U.S. economy will shrink by a stunning 14 per cent in the second quarter of 2020.

[Anonymous No.17941973]

>>17941969
https://business.financialpost.com/investing/u-s-economy-will-shrink-by-14-as-coronavirus-leads-to-worst-contraction-in-50-years-jpmorgan-warns

[Anonymous No.17942018]

So does that -14% translate to -140% for the stock market?

[Anonymous No.17942115]

>>17941969
he never contemplated rise of btc
faggy jpm rabbit btfo forever

[Anonymous No.17942170]

>>17941969
This virus will be the best thing for the working class and the worst thing for bankers that has ever happened. It will red pill a lot of normies. I already see memes on popular Instagram pages discussing the FED and how bad monetary policy affects us all. The normies will learn through meme warfare

[Anonymous No.17942178]

1. Collapse economy
2. Restructure it
3. Cut China out
4. Rebuild

[Anonymous No.17942190]

>>17942178
5.Nuke China

[Anonymous No.17942240]

>>17942170
somewhat relatedly on my nextdoor neighborhood page, ppl have been pretty openly anti-chin and anti-immigrant.
One even posted something like "have you seen the images of the poor dogs that they kill and eat, have you seen the live birds they eat?" it was clear he was being redpilled by his son who was sending him vids from /pol
wonder where this leads.....

[Anonymous No.17942279]

>>17942178
this.
rebuilding our manufacturing and supply chain inventory and securing those jobs in the US again will be a massive boost to the economy and would actually be real, tangible and as permanent as anything else we have here
financial games of wall street need to be outlawed and we should be enforced into a real economy of actual production, manufacturing of goods and services. no more vaporware economy based on money lending and speculation, whatever you call that

[Anonymous No.17942292]

>>17942190
>nuke NY, the FED, central banks, the IMF, and Wallstreet
*ftfy

[Anonymous No.17942330]

>>17942170
lol, corporate bailout will not be good for the working class

[Anonymous No.17943547]

>>17942240
Sell your house

[Anonymous No.17943877]

>>17943547
why because it might be all white, peaceful, and neighbors decorating for easter?

[Anonymous No.17943900]

>>17941969

no source. Big red numbers. K doomer. Enjoy death outside the citadel.

[Anonymous No.17944062]

So se have another 3 or 4 months or down ?

[Anonymous No.17944204]

>>17942279
Hitler build autobahns.
100 years later.
Trump will build factories.

[Anonymous No.17944284]

>>17941969
https://m.youtube.com/watch?v=jfx7PnMtCeY

[Anonymous No.17944300]

>>17944204
>>17942279
Trump is Wall Street's president retards

[Anonymous No.17944495]

>>17944300
And Wall Street don't want to give control over worlds production to China.
No one in the West want that.
Democrats are not even trying to win, they want Trump to do all the dirty work.

[Anonymous No.17944515]

>>17941969
Priced in allready

[Anonymous No.17944536]

>>17942170
Get the fuck out of here poltard. Read a economics textbook instead of Russian propaganda. Fed is just monetary policy. You have a better idea pitch it to us economists, but the gold standards retarded.

[Anonymous No.17944571]

>>17944495
Why do think we globalized in the fist place? WALL STREET!

[Anonymous No.17944646]

>>17942178
>>17942279
>dude we need to produce things better than china
If you want to beat China you need to pay your workers less then they do. It's the only way. I wouldn't be rooting for this if I were you

[Anonymous No.17944663]

>>17941969
>one bat destroyed the Anglo world

[Anonymous No.17944670]

>>17944495
>don't want to give control over worlds production to China
Yes they do. Newsflash faggot they don't care who makes money for them and where. They'll crash the US economy if it makes them money

[Anonymous No.17944677]

>>17942279
>rebuilding our manufacturing and supply chain inventory and securing those jobs in the US again will be a massive boost to the economy and would actually be real, tangible and as permanent as anything else we have here
It's to expensive. Look at exchange rates. Good luck selling anything.

[Anonymous No.17944701]

>>17944536
80-iq boomer take.

[Anonymous No.17944730]

>>17944571
>>17944670
They don't care who PRODUCES as long as they control it and make bank on it. China became too strong and is starting to grab the wheel.
Only thing now West can do is stop making deals with China and produce localy.

CONTROL OF CASH FLOW MATTERS.

[Anonymous No.17944916]

>>17944663
Blame it on their incapability to presume anything wrong from rich people.
>Bubble economy weighted exclusively on a house of cards in speculative trading and glued together with periodic Socialist bailouts
>Working class is now incapable of production and non-essentials (the overwhelming majority of trade valuables) are entirely shut down in several states
>Industries ranging across the gamut are all losing billions, suddenly they realize that everything they did to continue bolstering the upper class for future speculative trade, stock market games, and shady backdoor deals are going to be for nothing, because without a lower class to continually fuel your concrete commerce, your cash flow bottlenecks
>Nobody, at any point, questioned why we are continually giving wall street billionaires breaks while continually draining the economy's bottom line and foundation and giving them less and less of a cushion if they struggle
>Now everybody is utterly shocked that when the bottom line has zero economic input, there is no upwards momentum or potential for market growth

That bat came at just the right time, and I pray every day that when all of these Shekelbergs rot and all of their cronies commit suicide, the first thing they see before entering hell is the happy memories of that bat flying about in China, eating fruit and sleeping in some unoccupied property.

[Anonymous No.17944948]

>>17944663
>The tip of the needle popped the bubble

bruh...

[Anonymous No.17945010]

>>17942279
To be fair the market hasn't existed since 09. It's all just bots passing shares back and forth to each other to create the illusion of volume. Almost no one is actually trading that shit. Mutual funds and ETFs mostly rebalancing. The majority of the volume is fake. I'd wager at least 80% of it.

[Anonymous No.17945052]

>>17944646
So let China take over the world by producing only parasitic financial instruments and stealable R&D?

[Anonymous No.17945099]

>>17944646
>free trade is best when competing against slaves
such games were impossible pre71. its only have "free floating" currencies which allows these games to be played.

[Anonymous No.17945553]

>>17942292
and China

[Anonymous No.17945850]

Deutsche bank says

[Anonymous No.17946180]

>>17942018
-70%~