JPMorgan Chase CEO expects 'bad recession' and financial strain akin to 2008

[tacobell fan]

In his annual letter to shareholders, CEO and Chairman Jamie Dimon laid out what he expects will happen as a result of the pandemic, stating that the bank "cannot be immune to the effects of this kind of stress." In the most adverse scenario that was run, GDP would be "down as much as 35%" and last through 2020, with unemployment "peaking at 14% in the fourth quarter."

[VictoryTDP]

Tha at ha wi ll pu mp s o me more tri llions in to the eco no my

[bhaigan]

 US largest bank ae cheppindi ante inka migata valla paristhiti ento

[VictoryTDP]

3 minutes ago, tacobell fan said:

In his annual letter to shareholders, CEO and Chairman Jamie Dimon laid out what he expects will happen as a result of the pandemic, stating that the bank "cannot be immune to the effects of this kind of stress." In the most adverse scenario that was run, GDP would be "down as much as 35%" and last through 2020, with unemployment "peaking at 14% in the fourth quarter."

Anna ee bank ki stimulus andhaledha? Or saripoledha?

[tacobell fan]

1 minute ago, VictoryTDP said:

Anna ee bank ki stimulus andhaledha? Or saripoledha?

nachaledu

[fasak_vachadu]

Recession ledu em ledu .... companies ki manchi chance dorikindi valla employees ne filter chesukodaniki 

and all Companies are pushing so that they will get some more tax cut and gov funds 

manalanti bots ki artham kadu le 

high level untai avvi and secrecy have ayipothai 

[VictoryTDP]

1 minute ago, fasak_vachadu said:

Recession ledu em ledu .... companies ki manchi chance dorikindi valla employees ne filter chesukodaniki 

and all Companies are pushing so that they will get some more tax cut and gov funds 

manalanti bots ki artham kadu le 

high level untai avvi and secrecy have ayipothai 

Ayina Banks adho pledge chesayanta kadha no firing ani

[Sreeven]

Veedu bitcoin paina kuda baga edisadu appatlo..

[tacobell fan]

4 minutes ago, fasak_vachadu said:

Recession ledu em ledu .... companies ki manchi chance dorikindi valla employees ne filter chesukodaniki

Revenue rakapothe how can this happen? 

[VictoryTDP]

Just now, tacobell fan said:

Revenue rakapothe how can this happen? 

One or 2 months ke recession ante Ela? How?

[xano917]

5 minutes ago, VictoryTDP said:

Ayina Banks adho pledge chesayanta kadha no firing ani

bofa said 2020 lo layoff undavu ani.. firing and layoff different no 

[tacobell fan]

Just now, VictoryTDP said:

One or 2 months ke recession ante Ela? How?

Payroll expenses are not cheap. Millions lo evadu pay chesi oorike employ cheyyaru if there is no money to support. Take Disney Parks, new visitors lekapothe how can they pay for the staff for months?

[fasak_vachadu]

Just now, tacobell fan said:

Revenue rakapothe how can this happen? 

US lo unna prati company ki dist money untadhi back up lo for 2 yrs survival 

so be happy stay home don’t even go for groceries 

matter of time with in 2 or 3 months lo malli normal life vasthadi be +ve

[tacobell fan]

Just now, xano917 said:

bofa said 2020 lo layoff undavu ani.. firing and layoff different no 

Smart ga play chesaru, FY ends different dates for different companies. 

[fasak_vachadu]

Just now, tacobell fan said:

Payroll expenses are not cheap. Millions lo evadu pay chesi oorike employ cheyyaru if there is no money to support. Take Disney Parks, new visitors lekapothe how can they pay for the staff for months?

Vadu gov. Deggara dobbuthafu Leda will print

antha lokakalyannam kosam