Ben Shimkus – DailyMail.com Oct 9, 2025
Jamie Dimon, the steady-handed chief executive of JPMorgan Chase, is sounding the alarm on America’s economic outlook.
The world’s most powerful banker fears the US might slide into a recession in 2026, even as the economy currently hums along.
‘I hope for the best and plan for the worst,’ he told Bloomberg on Tuesday. ‘You don’t wish it, because you know certain people get hurt.’
Investors watch Dimon closely. Known for blunt analysis and JPMorgan’s rigorous stress tests, his insights carry weight across industries.
Right now, the US economy is not close to a technical recession. By definition, America would have to experience two straight quarters of declining economic growth and slowing job numbers.
In July, the US economy grew by 3.8 per cent. Meanwhile, retail sales grew 0.6 per cent, handily beating Wall Street’s expectation of just 0.2 percent.
Despite the solid economic numbers, Dimon is worried about weakening jobs numbers, stubborn inflation, the impact of AI, and trade wars.
America’s biggest problem could be the jobs market’s performance. In August, employers added an estimated 22,000 positions, missing Wall Street’s expectation of 75,000 roles.
Meanwhile, economists said federal data likely overestimated last year’s jobs growth by nearly a million positions.
‘I am a little more nervous about inflation not coming down like people expect,’ Dimon added.
After price increases dropped down to just 2.3 per cent in April, they’ve steadily ticked up as Donald Trump has introduced tariffs to the economy.
The last reading measured inflation in grocery stores, at the gas pump, in clothing shops, and on car dealership lots at 2.9 per cent.
Dimon also criticized the economic impact of government shutdowns.
Lawmakers have decided to suspend government operations while fighting over plans to fund government spending.
That has shuttered taxpayer-funded statistics departments that investors rely on, nixing this month’s jobs and inflation reports.
‘Look, I don’t like shutdowns. I think it’s just a bad idea,’ Dimon said. ‘I don’t care what the Democrats or Republicans say, it’s a bad idea.’
This isn’t the first time Dimon has sounded the alarm about America’s financial standing.
In January, Dimon said he was approaching the stock market with caution, as he predicted volatility in major stocks.
Last month, he doubled down on his worries, saying the shrinking jobs numbers were proof that ‘the economy is weakening’.
‘Whether it’s on the way to recession or just weakening, I don’t know,’ he told CNBC.
He isn’t alone. Major investors like Ray Dalio, Paul Tudor Jones, and Mark Zandi — men who have predicted major economic downturns and can look under the hood of the American economy — have voiced concern about a looming downturn.
But, so far, Wall Street doesn’t seem to care.
The three main stock indexes — the Dow Jones Industrial, S&P 500, and tech-heavy Nasdaq — have all been trading at record highs for the past month.
The Nasdaq is up a full per cent at the end of the day on Wednesday.
They’re changing the definition of recession yet again. Until the early ’70s a recession was when was one quarter lost ground against the previous quarter, but when Nixon was worried about his first mid-term election (1971 I think) because the economy was in recession, one of his economic advisers told him not to worry, we’ll just change the definition of recession to mean two consecutive quarters.
This was in the lead-up to the Nixon Shock, when he pulled the US off the Gold Standard with a team of economists who were as dodgy af: Fed Chairman Arthur Burns, Treasury Secretary John Connally and former Federal Bank of New York Treasurer, the long-serving Paul Volcker who was still working under Obama. I can’t remember which one changed the definition of recession.
Recession is the word they use now to describe the economy when it is really in Depression territory.
LOL..’Ben shimkus’
Hymie diamond is one of the central players in the perceived totalitarian takeover..yes that’s right hymie knows…it’s a matter of perception..
…but what you can derive from this ‘Fail’ scribble is how the maggot media contrives to present the fait accompli …using the pseudo science of economics, which of course the whirled’s right biggest banker has done very well on..but when confronted with questions about fallacies at the Casino..all of a sudden we are dealing with a social science…
Got that?..you bet ya… not Giorgi SoreArses Carl popped Popper secret equations..because when you run a monopoly ..who actually gives a fuck…not Hymie..
what about that derivatives bubble Hymie..or the FED printing trillions..with the US economy having substantial liabilities that could be around three hundred trillion..all those numbskulls sat at home in a paper rag..the contrived wars..etc etc etc..
lol..you’ll need more than increased numbers of counter clerks at Mactuckey to shore up that shithole..
lolo..$$$$$$$$$$..bring on zeeee bugs..
LOL.
.almost forgot…the best bit..a buoyant stock market..that the US fed funnels billions a day into (shareholders must be paid)..and of course the REPO market collapse of 2019…
from whence the imaginary zoonotic Wu Flu appeared out of a central bankers wallet.. necessitating a toxic injectable to cure the liabilities..
Send in the parasitic vampire clowns. Any time you abandon real innovation and manufacturing for providing services, you’re well on your way to Destination: F*cked. The “economy” in the Jewnited States is a lurching corpse, and the only reason the cuntry is still kept afloat is because there is still a little bit of wealth the jew parasites haven’t drained off yet and still plenty of bullets, bombs, and frothing imbeciles left for Shlomo and the Tribe from Way Down Under to throw at whomever gives any resistance to the Jew World Disorder. Other than that, the cuntry suffers from terminal rot and retardation, and serves as a long-running rape puppet, sodomized six ways from Saturday by the hooked-nose jackals…all you have to do is to open your eyes in any Americunt city and see the abject degradation.
Dimon and his vampire ilk deserve to be stripped naked, dragged up and down Wall Street, then have as many bones broken and ligaments shredded as it takes to contort him to force his own head up his own ass as he’s being flogged and hosed with horse piss until he f*cking suffocates.
Whether or not it is the Jewish money power headed up by the Rothschild dynasty, or the “Controllers” as the late Victor Thorn called them, their right arm led by their ZOG USA, UK and Israeli axis must always maintain a high level of fear, division, uncertainty, and insecurity in their people to ensure they will support their on-going wars of acquisition, whereas their left arm led by the WEF and the entire corporate and globalist puppet structure must also maintain a high level of fear, division, uncertainty and insecurity in the people to ensure they will be shorn and herded into the waiting totalitarian control pens.
A fiat money system orchestrated by select private bankers with an economy based solely on debt slavery and the war machine of destruction worldwide is gonna crash??? Well I’ll be!!!!!
The debt per US citizen (babies, children, retired etc.) is $110,163 and growing.
There is no hope whatsoever of this debt being paid off.
__________________________________
The UK national debt grows at a rate of £5,170 per second.
Debt per citizen: £51,746.
This Ship is Sinking !!!
free yourself from money
its very easy…just stop using it
there isa word in economic arenas
to be robbed by jews is called being ” madoffed ”
e g the UK and USA
i can imagine Adolf Hitler sitting up there in heaven says
” i told you so “
Hal Turner Radio Show – Deutsche Bank: “The AI bubble is the only thing keeping the US economy together”
Germany’s Deutsche Bank said today “The AI bubble is the only thing keeping the US economy together.” Investors recoiled in disbelief upon hearing this, but when looking at the Earnings Per Share of the S&P 500, Deutsche Bank seems to be accurate.
https://halturnerradioshow.com/index.php/news-selections/national-news/deutsche-bank-the-ai-bubble-is-the-only-thing-keeping-the-us-economy-together
what a weak assed article understating everything.
the REAL national debt with unfurned liabilities is
well over $200 trillion. that is a quarter million dollars
for every man, woman, child, and baby in america.
the stock markets about about to collapse.
the housing market is about to implode.
the dollar is toilet paper and the jews took our gold
after world war 2.
the world derivatives position is incomprehensible
and will collapse any time.
world war 3 is on the horizon and gets worse every day.
this is End Times, Kali Yuga, it’s over’ finished, done.
jamie has the largest physical silver hoard on earth.
follow the winner and get rich while 99% go broke.
silver is going to hundreds of dollars an ounce and
will far outperform gold. prepare or die.