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.
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.
When they say “recession,” they are talking about a very specific definition:
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.
this is likely also why Trump did this shit right at the start of a new quarter