JP Morgan: The Recession Has Been Called Off
Beege's excellent post on the financial bonanza that Trump's tariffs have brought highlights one side of the story that the Pravda Media didn't expect.
JP Morgan's reversal of its prediction that Trump's trade policy would usher in a recession tells the other side.
All the "best people" have missed the point of Trump's moves to reshape world trade.
JP Morgan's prediction that the tariffs would usher in a serious recession was not insane. Any economist will tell you that, all other things being equal, reducing the friction involved in people trading will reduce the efficiency of the market. Inefficient markets increase costs, reduce economic activity, and lead to lower growth.
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