Sybertiger
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JP Morgan: The Recession Has Been Called Off
Beege's excellent post on the financial bonanza that Trump's tariffs have brought highlights one side of the story that the Pravda Media didn't expect.
JP Morgan's reversal of its prediction that Trump's trade policy would usher in a recession tells the other side.
All the "best people" have missed the point of Trump's moves to reshape world trade.
JP Morgan's prediction that the tariffs would usher in a serious recession was not insane. Any economist will tell you that, all other things being equal, reducing the friction involved in people trading will reduce the efficiency of the market. Inefficient markets increase costs, reduce economic activity, and lead to lower growth.
(Excerpt) Read more at hotair.com ...
Welp, the impatient dildos didn't put much thought into it. They assumed that the world would retaliate and do nothing. They didn't take into consideration that leaders might be motivated to do something more that just sitting around the campfire. And as much as they had been advised and should have been aware of the tariffs are primarily a motivation tool to get them to negotiate...they still blew it. This is basic negotiations 101....you don't need to have a fancy degree from ivy league school or a business card that says JP Morgan to understand this. Keep in mind these geniuses on Wall Street and in the Financial sector have gotten it wrong time after time. It's all about creating buy/sell panic and selling their "product".
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