KEY POINTS
- JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
- He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
- “Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”
just what you said, only pointed out there is a quote/theory that could apply here.
often we overcomplicate instead of seeing the simple explanation. the theorem applies to many cases, not just to solve problems.
I am not saying that the theorem is or isn’t correct here, I was just mentioning it as it sort of fits the last couple of sentences in the comment.
I did not mean to say anything about this case in particular, just a comment to the simplest explanation/solution is often the correct one.
I am sorry if this came out confusing or out of context as this was not my intention.