
Hoi Ya! Tariffs Incoming!
Okay okay settle down everyone! Jackie here! I see the big boss man at JPMorgan Chase this Jamie Dimon fella is talking about tariffs. Tariffs! Sounds like a bad guy from one of my movies maybe 'Tariff Tong' – he's got a real sting in his tail! Anyway he's saying that these new tariffs from President Trump they might make prices go 'whoosh!' like a bad guy flying through a window after one of my kicks. Not good! The economy was already doing a bit of a stumble like me trying to walk straight after a bit too much... uh... grape juice! Now this!?
Short Term Pain Long Term...Ouch?
Dimon says there are 'legitimate reasons' for these tariffs but let’s be real even a stuntman knows some landings are gonna hurt! He thinks they’ll cause inflation meaning things get more expensive. Suddenly that noodle soup costs more than a new pair of kung fu shoes! He's not sure if it'll cause a full blown recession but it'll definitely slow things down. Remember that time I tried to catch all those vases in 'Who Am I?'? Yeah that’s how I feel about this economy right now – lots of things in the air and I'm not sure I can catch them all!
Freefall! Like a Bad Guy off a Building!
This Dimon guy is the first big Wall Street CEO to speak out against these tariffs. The stock market is already in freefall like one of my stunt doubles missing the airbag! He even backtracked on some things he said before! Before he was all like 'Get over the tariffs!' Now he's probably sweating more than me after a fight scene in a sauna. He says these tariffs create 'many uncertainties.' Uncertainty is bad! It’s like trying to choreograph a fight scene without knowing what weapons the bad guys are using!
Straws and Camels... and Broken Backs!
He says the problem needs to be fixed quick because these 'negative effects increase cumulatively over time.' That's a fancy way of saying things get worse and worse until BOOM! He uses the analogy 'one large additional straw on the camel's back.' I've seen a lot of camels in my movies and I've seen a lot of backs break! Nobody wants to see a broken camel back especially not when it’s the economy! I’d rather get hit by a coconut in 'Armour of God 2: Operation Condor' than deal with this mess!
Turbulence! Not the Good Kind!
Dimon thinks the economy was already weakening before these tariffs even with all that government money floating around. Inflation is sticky like bubble gum on your shoe! He thinks interest rates might stay high even if the economy slows down. 'The economy is facing considerable turbulence,' he says. Turbulence! I know turbulence! I’ve flown through more turbulence than a drunken pilot! This is the kind of turbulence that makes you spill your tea... or your secret family kung fu recipe!
Soft Landing? I'm Not So Sure!
And here's the kicker! Dimon thinks the stock market is still too optimistic! He thinks everyone is expecting a 'soft landing.' A soft landing?! I haven't had a soft landing since... well maybe never! I’m usually crashing through cardboard boxes or sliding down a building! He says 'I am not so sure.' Me neither! Time to buckle up everyone! It might be a bumpy ride. And remember safety first! Or at least… try to make it look good when you fall!
pchuvus
Jackie, you should run for president!
beta02
I'm ready for the bumpy ride. Buckle up!