Bankster Crime

Exposing Fraud in the Banking System

Con Games

Talk About BS: JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience

image-1

BanksterCrime:

JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience

JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024.

JPMorgan Foresees U.S. Economic Growth Amid ‘Ridiculous’ Fitch Downgrade and Recession Fears

Echoing Bank of America’s revision of its economic outlook, JPMorgan’s team of economists have likewise set aside their earlier recession projections. The top-ranking bank in the nation initially forecasted a downturn for 2023. However, their principal U.S. economist, Michael Feroli, now holds a more optimistic view that the U.S. can successfully dodge a full-scale recession.

“While a recession is no longer our modal scenario, risk of a downturn is still very elevated,” Feroli wrote on Friday. “One way this risk could materialize is if the Fed is not done hiking rates. Another way in which recession risks could materialize is if the normal lagged effects of the tightening already delivered kick in.”

Feroli, alongside his cohort of economists at JPMorgan, now foresees an economic resurgence in 2023, followed by a period of “modest, sub-par growth” in the subsequent year. This projection defies the widespread dissenting opinion that a recession, or even a depression, within the U.S., is inevitable. Danielle DiMartino Booth, the CEO and chief strategist at QI Research, argues that the repercussions of the Federal Reserve’s interest rate increments and quantitative tightening have yet to fully manifest in the U.S. banking industry.

Moreover, JPMorgan’s perspective comes on the heels of Fitch Ratings’ decision to lower the credit rating of the United States. Unfazed by Fitch’s downgrade, JPMorgan’s chief, Jamie Dimon, dismissed the move as “ridiculous” in an interview. Speaking to CNBC, Dimon downplayed the significance of the downgrade, saying “it doesn’t really matter that much,” and emphasized that the United States remains “the most prosperous nation on the planet, [and] the most secure nation on the planet.”

Dimon and his team at JPMorgan perceive a budding growth in the U.S. economy, prompting their economists to doubt their previous forecasts. “Given this growth, we doubt the economy will quickly lose enough momentum to slip into a mild contraction as early as next quarter, as we had previously projected,” Feroli concluded in his missive to investors last Friday.

CEO Of Worldcoin Says “Something Like World ID Will Eventually Exist… Whether You Like It Or Not”

By StevieRay Hansen | October 3, 2023

Right now, it’s about those who voluntarily surrender their biometric data and receive “small sums” in Worldcoin in return for signing up to the World ID scheme. But if Open AI CEO Sam Altman has anything to say about how Worldcoin, a…

Robert Kiyosaki Expects Bitcoin to ‘Become Priceless’ When the Fed Launches Central Bank Digital Currency

By StevieRay Hansen | October 2, 2023

BanksterCrime: Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin will “become priceless” when the Federal Reserve launches a central bank digital currency (CBDC). He warned that privacy will be destroyed, emphasizing that “Big Brother will be watching.”…

Crashing Capital Markets and Banking Sector Bankruptcies, Followed by a Flood of Corporate Bankruptcies

By StevieRay Hansen | October 1, 2023

Could the coronavirus act as a catalyst for a new global economic crisis? It certainly has that potential – but how would the crisis proceed?   In the December 2018 issue of our Q-Review, we laid out the likely scenarios of an approaching global economic collapse….

Every Dog Has His Day–JPMorgan’s Settlements Reach $365 Million Over Civil Claims It Banked Jeffrey Epstein’s Sex Trafficking of Minors; Criminal Charges Could Lie Ahead

By StevieRay Hansen | September 29, 2023

BanksterCrime: By Pam Martens and Russ Martens: JPMorgan Chase would like the public to believe that it’s going to walk away from the sleaziest financial crime of the century just $365 million poorer in the process. That’s just not going to…

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs–Don’t Trust The Fed’s

By StevieRay Hansen | September 28, 2023

Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar. By Jack Schickler Takeaways FedNow conveys money almost instantly, versus the hours or days it has conventionally taken in the U.S. – finally…

The Bank That Invented Fraud: Chase U.K. to Block Crypto Payments Citing Fraud and Scams. Starting Oct. 16, the Bank Will Decline Customer Attempts to Make Payments Related to Crypto Assets via Debit Card or Outgoing Bank Transfers

By StevieRay Hansen | September 27, 2023

BanksterCrime: By Sandali Handagama Chase Bank (Daryl L / Shutterstock) Drive the Crypto Policy Conversation Forward October 24, 2023 • Convene • Washington D.C.Where the industry establishes the digital economy’s legal, regulatory and compliance best practices for the future.Register Now…

Here’s Where Grassroots Crypto Adoption Is Highest

By StevieRay Hansen | September 24, 2023

BanksterCrime: by Tyler Durden Of 154 countries analyzed by blockchain data platform Chainalysis, India ranks the highest in grassroots crypto adoption by far. While countries with higher purchasing power would naturally score better when looking at transaction volumes, according to Chainalysis…

Meet the Banking Cartel that Is Planting the Seeds for the Next Banking Panic and Bailout

By StevieRay Hansen | September 22, 2023

BanksterCrime: By Pam Martens and Russ Martens: September 21, 2023 ~ On July 27, the Federal Reserve, FDIC and Office of the Comptroller of the Currency released a proposal to require higher capital levels at banks with $100 billion or more…

Bad Bank Chase Court Filing: JPMorgan Chase “Actively Participated in Epstein’s Sex-Trafficking Venture”–Bud Light Chase

By StevieRay Hansen | September 20, 2023

The Attorney General of the U.S. Virgin Islands, armed with highly effective legal talent from the law firm, MotleyRice – which stakes its reputation on its “boldness” – has filed new documents in its federal lawsuit against the largest bank…

Another FDIC-Insured Bank Is Teetering, Closing at 27-1/2 Cents Yesterday, Down 96 Percent in a Year

By StevieRay Hansen | September 19, 2023

BanksterCrime: By Pam Martens and Russ Martens: September 14, 2023 ~ There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses…

Granite-Ridge-White-Large-1

Say hello to Granite Ridge Soap-works! Use our handmade soaps to take good care of your skin. Our premium natural ingredients work together to create a silky, creamy lather that hydrates your skin. Chemicals, such as sodium lauryl sulfate, phthalates, parabens, or detergents, are never used by us. To ensure quality, we make all of our soaps in modest quantities. Visit our Etsy store right away to give them a try and the attention your skin deserves. GraniteRidgeSoapworks: Because only the best will do for your skin.

Use the code HNEWS15 to receive 15% off your first purchase.

 

Revelation: A Blueprint for the Great Tribulation

Bankster-Template-1
Bankster-Template-2

A Watchman Is Awakened

Bankster-Template-3
Bankster-Template-4

Will Putin Fulfill Biblical Prophecy and Attack Israel?

Newsletter

Orphans

Support-Orphans

Editor's Bio

A-Long-Journey-Home

Recent News

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.