Dimon says U.S. has good chance for a rapid economic recovery

Discussion in 'Economics' started by ajacobson, May 27, 2020.

  1. ajacobson

    ajacobson

  2. Yawn.

    These guys change their minds everyday.
     
  3. Not with everybody wearing masks 24/7 and "six feet apart at all times" orders being broadcast over the store loudspeakers.

    This isn't the America we grew up in.

    Real estate of all kinds is unsustainable when nothing can turn profits like in the go-go years.

    At some point, if rents, lease payments, and revenues can't make the debt perform, the valuations are gonna have to come down.

    That would be the mother of all unwinds. Decades of real estate pumping is gonna meet an unflinching new reality.

    The US believes valuations can only go higher, chanting the mantra of home equity.

    It's time to pay the piper. Collateralized forward earnings and regulatory compliant FICO scores made a bubble. Look at the shiller index, it's more bullish than nasdaq 2019.
     
    Last edited: May 27, 2020
    albion and TooEffingOld like this.
  4. S2007S

    S2007S

    Why would any ceo of a bank say anything other than a rapid economic recovery....

    Like I said if a pandemic can't knock equities down longer than a week or two there is absolutely nothing that can take equities lower. Absolutely nothing!
     
  5. RedDuke

    RedDuke

    Yep, but 10 trillion and 0 reserve requirements at the banks, can do wonders.
     
    RubberBand likes this.
  6. Overnight

    Overnight

    No, it certainly is not. So which would you rather have? Corona, or Atoma?