Biggest U.S. Bank Forecasts Deep Recession

[RandySF]

JPMorgan expects the coronavirus pandemic to sink the U.S. economy into a deep recession as soon as this summer, Business Insider reports.

JPMorgan’s views of the virus “have evolved dramatically in recent weeks” as the outbreak spreads further around the world and fuels the worst stock market sell-offs in decades. The US economy will shrink by 2% in the first quarter and 3% in the second.



https://politicalwire.com/2020/03/13/biggest-u-s-bank-forecasts-deep-recession/

[hlthe2b]

1. And the good news keeps on coming...

sigh....

[Wellstone ruled]

2. Here is a bit of more

carnage. Bloomberg just reported the Market Value loss since January,ugh,17 Trillion and Change.

The give away is about to hit. Bail out part 2 is just around the corner. Zero for the Peasant Class and 99.9% for the 1% class. Same shit just a decade later.

[Dustlawyer]

3. Donor class gets taken care of no matter what.

Publicly funded elections.

[Wellstone ruled]

4. Public funded elections are

not going to happen in your or my lifetime.

[dixiegrrrrl]

6. Worse yet, a Bail IN like Greece did. n/t

[maxsolomon]

5. Awful for everyone.

If the unemployment rate skyrockets, it will be an "Emperor has no clothes" moment for President Sociopath.