Jamie Dimon Just Made a SHOCKING Confession About Trump's Tariffs! Is the Economy DOOMED?!

A Disturbance in the Force... er Economy

I find your lack of faith... in the economy disturbing. JPMorgan Chase CEO Jamie Dimon a mere mortal financier has dared to speak of President Trump's tariffs. It appears these new decrees announced with the subtlety of a Death Star laser blast are causing ripples in the economic Force. Dimon in his annual missive – a document of great import no doubt – has suggested these tariffs may not be the path to the Dark Side... err prosperity we were promised. Foolish mortals!

The Price of Defiance Rises!

Dimon the Wall Street chieftain claims that Trump's tariffs will increase both domestic and imported goods weighing down a U.S. economy that had already been slowing. The Force is telling me to concur with the earthling's claim if domestic prices rise the economy is in for a rude awakening. Perhaps the tariffs will be remembered not for their trade merits but for their failure.

Inflation: The Phantom Menace?

He dares to utter the word 'inflation'! As if the galaxy isn't suffering enough under the weight of the Rebel Alliance. Dimon suggests that we are likely to see inflationary outcomes not only on imported goods but on domestic prices as input costs rise and demand increases on domestic products. He is probably right this could lead to a very painful path to take.

A Recession? I Find Your Lack of Planning Disturbing

A recession you say? Interesting. He questions whether the tariff menu will cause a recession but states with complete confidence that it will slow down growth. A slowing growth? I hope his plan is as good as he claims it is. In any case I have a plan of my own. Perhaps a few strategic acquisitions of struggling corporations... for the glory of the Empire! I mean... for the good of the economy.

The Turbulence is Strong With This One

Dimon also strikes a somewhat ominous note considering how much US stocks have already fallen from their recent highs. According to the JPMorgan CEO both stocks and credit spreads were still potentially too optimistic. Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing. "I am not so sure," says Dimon. Interesting hopefully the force will be strong with those who plan on navigating this path if they do not then they will surly fall.

Stay Tuned: The Saga Continues...

This 'story' is developing they say. As if I don't already know the ending! (Spoiler alert: it involves tariffs inflation and possibly a whole lot of whining from those who can't handle the 'turbulence'). Remember the Force will be with you... unless you're on the wrong side of the trade war. Then you're on your own.