TRUMP’S TARIF FRENZY TRIGGERS ECONOMIC DOOM!
JPMORGAN DECLARES RECESSION ALERT! The giant bank is ringing the alarm bells, predicting the US economy is on the verge of a catastrophic recession thanks to the latest tariffs unleashed by President Trump!
GDP CRASHING—A 0.3% DIVE!
Hold onto your wallets, folks! JPMorgan’s chief economist, Michael Feroli, just dropped a bombshell: the US GDP is spiraling downwards—expected to contract by a shocking 0.3% this year after previously predicting growth! The economic rollercoaster is headed straight for disaster, and hiring is about to plunge. Unemployment? Buckle up—it’s set to rise to a staggering 5.3%!
STOCK MARKET MELTDOWN—$5.4 TRILLION VANISHED!
Trump’s tariff announcement is sending shockwaves through the stock market, sending the S&P 500 to its darkest depths in nearly a year! In just TWO short trading days, investors have been left holding the bag as a jaw-dropping $5.4 trillion evaporates from the market!
OTHER BANKS JOIN THE PESSIMISM PARTY!
JPMorgan isn’t alone in this grim prediction—other financial powerhouses are slashing their growth forecasts one after another! Barclays sees a GDP contraction in 2025 that screams “recession.” Meanwhile, Citi is now betting on a measly 0.1% growth, while UBS keeps it bleak with a forecast of just 0.4%! Can you believe it?
IMPORTS PLUNGING—WILL THE SLUMP BE SAVAGE?
Things are getting ugly, people! UBS predicts imports will plummet by MORE THAN 20%, dragging GDP back to levels we haven’t seen since the 1980s! This isn’t just a bump in the road—it’s a full-on economic wreck!
STAGFLATION ON THE HORIZON—THE FED IN A QUAGMIRE!
Feroli warns that the Federal Reserve might have to slash interest rates starting in June, with cuts coming at every meeting through January, bringing rates down into the 2.75% to 3% range! But hold up! Inflation is on the rise, poised to smack us in the face at 4.4% by the end of the year! Can they really fix this mess?
POWELL SLOW TO ACT—ARE THEY PLAYING WITH FIRE?
Jerome Powell, the Fed Chair, seems to be in no hurry to fix anything, stating “it feels like we don’t need to be in a hurry.” Meanwhile, the job market is showing a slight uptick in unemployment! Investors are gambling on a full percentage point of cuts by year’s end.
THE CLOCK IS TICKING—ARE WE READY FOR THE STORM?
Fasten your seatbelts, folks—this economic nightmare is just beginning. The stakes are high, and the future looks darker by the day! Will we conquer or succumb to the chaos? Only time will tell!
photo credit: fortune.com
