JPMorgan Calls It: The U.S. Economy Has Made a Soft Landing

Friday, October 11, 2024

JPMorgan Chase on Friday said the U.S. economy remains strong for both consumers and big companies, a sign that the Federal Reserve ...

Posted by retort at 02:24 PM | 24 COMMENTS | permalink

Comments

Fat Smelvis vows to make hunger great again.

www.motherjones.com

#1 | Posted by reinheitsgebot at 2024-10-11 02:34 PM

JPMorgan Calls It: The U.S. Economy Has Made a Soft Landing

Then I guess we'd better hand government back to the guy who declared bankruptcy four times (including casinos) and tanked our economy four years ago.

#2 | Posted by censored at 2024-10-11 02:42 PM

I am skeptical. Overall the unemployment rate is increasing, repos and foreclosures are on the rise, etc. I feel it is too little too late by the fed and we will be skidding until into the new year and then we will see if we crash land or not.

#3 | Posted by GalaxiePete at 2024-10-11 03:07 PM

Then I guess we'd better hand government back to the guy who declared bankruptcy four times (including casinos) and tanked our economy four years ago.

#2 | Posted by censored

That's what america does. Hire democrats to fix the economy then republicans to destroy it. Over and over. Never learning a damn thing.

#4 | Posted by SpeakSoftly at 2024-10-11 03:19 PM

The U.S. Economy Has Made a Soft Landing
Has Made
-Great! It's over! Prices returning to normal in 3,2,1...

#5 | Posted by commnotes at 2024-10-11 06:18 PM

-Great! It's over! Prices returning to normal in 3,2,1...

#5 | Posted by commnotes

You want DEFLATION?

Go google that real quick.

#6 | Posted by SpeakSoftly at 2024-10-11 07:04 PM

All these morons do is argue against everything because they can always find the dark cloud inside every silver lining. If we were undergoing deflation, the global economy would spiral downward along with prices, employment, tax revenues, expenditures and everyone's life because most couldn't service their debt, which wouldn't be falling at all.

#7 | Posted by tonyroma at 2024-10-11 07:09 PM

#5 | Posted by commnotes

I have been seeing a lot of price drops.

#8 | Posted by GalaxiePete at 2024-10-11 08:13 PM

The problem with most previous times when the Fed countered inflation by raising interest rates is that the result had usually been a surge in unemployment. And when that happens, if the interest rate yield curve inverts (when short term borrowing costs are higher than long term rates) a recession usually follows.

This time, the yield curve's slightly inverted and inflation is down, but employment is healthy and recession is deemed improbable. Seems like the call is correct.

Now what happens next is going to be less a Fed driven economy, but one driven by domestic fiscal policies and global events. Good luck to us all.

#9 | Posted by Augustine at 2024-10-12 10:09 AM

#5 | Posted by commnotes at 2024-10-11 06:18 PM | Reply | Flag:

MAGAts post and re-post 100% BS because they believe that everyone is as gullible and stupid as they are.

#10 | Posted by Hans at 2024-10-12 11:02 AM

"Prices returning to normal in 3,2,1..."

Define "normal"

It's normal for prices to rise at a certain rate.

I remember when gas was 25 cents a gallon. (For leaded gas. Ack!)

Should I expect 25 cent gas ever again?

No. That's not how the world of supply and demand works.

Time for you maga maroons to grow up and face the real world of growing populations and shrinking resources.

#11 | Posted by donnerboy at 2024-10-12 01:40 PM

You want DEFLATION?

#6 | Posted by SpeakSoftly at 2024-10-11 07:04 PM | Reply | Flag:

I want my government to stop spending insane amounts of money on things that do absolutely nothing for American people - further devaluing the purchasing power of the dollar.

Right now we're going in the hole to the tune of $1 trillion dollars approximately every quarter.

Our government is also lying to us about the stats it feeds us every month. This administration had to walk back its jobs number over 800,000 - the largest number ever walked back on projections. Our inflation report doesn't include things like food and energy.

This is anything but a soft landing, it's pure political, and the average consumer knows it.

#12 | Posted by lfthndthrds at 2024-10-12 02:46 PM

#12

"Falling rates and growing confidence in US economy drive a bond revival

Revived investor enthusiasm for bonds and growing confidence in a "soft landing" for the US economy is buoying some of the world's biggest financial groups and sparking record inflows into fixed-income exchange traded funds.

BlackRock and JPMorgan Chase said on Friday that they had each pulled in unprecedented amounts of new assets to manage in the third quarter as they reported better than expected quarterly profits.

Bond giant Pimco said its assets under management had reached $2tn for the first time since the 2022 full-scale Russian invasion of Ukraine sent bond and equity markets tumbling.

"I've been investing in fixed income for more than 30 years, and the current environment is one of the most attractive I've seen in public markets for an active manager," said Dan Ivascyn, Pimco's chief investment officer.

Across the industry, the prospect of falling central bank interest rates and benign economic conditions gave investors increased confidence that bonds would hold their value and provide competitive returns.

That led to an inflow of $123bn into US bond funds, including $93bn into ETFs, in the quarter to September 30, according to data from Morningstar Direct."

www.ft.com

#13 | Posted by Corky at 2024-10-12 03:08 PM

The last time I checked 55 cents of every dollar the US Government spends is borrowed. This can't continue. Changes will be made or it will collapse eventually.

There is no soft landing in what our government is currently doing. And it has a direct impact on the purchasing power of the dollar.

Look at gold it's gone up nearly $1000/ounce in about a year and it's hovering just under $2700/ounce. This isn't a sign that things are going well. It's investors looking for a safe hedge against inflation.

#14 | Posted by lfthndthrds at 2024-10-12 03:34 PM

So Gold is finally worth what it was in 1980?
I guess that's a datapoint.

#15 | Posted by YAV at 2024-10-12 03:39 PM

So Gold is finally worth what it was in 1980?
I guess that's a datapoint.

#15 | Posted by YAV at 2024-10-12 03:39 PM | Reply | Flag:

Look at big brain here... Yes gold follows inflation..

#16 | Posted by lfthndthrds at 2024-10-12 03:56 PM

#16 | Posted by lfthndthrds (NSFW) at 2024-10-12 03:56 PM | Reply | Flag: MAGA Math

#17 | Posted by Hans at 2024-10-12 05:18 PM

Yes gold follows inflation..

I'm going to leave that right there for everyone to enjoy.

#18 | Posted by YAV at 2024-10-12 05:26 PM

I want deflation, I'm tired of everything costing more all the time. This isn't a "soft landing" either, they still have to monetize the 35 trillion debt and pay nearly 1 trillion every year on it in interest. We're nearing a debt death spiral but that is what the stupid Democrat passed government programs were always going to lead to

#19 | Posted by THEBULL at 2024-10-12 09:28 PM

@#19 ...I want deflation, I'm tired of everything costing more all the time. ...

Not likely to happen.

But yeah, things costing more.

The TV network Catchy TV is showing old (from the 1930's) episodes of the Laurel & Hardy Show this weekend.

One episode that I watched had sodas at a restaurant costing $0.15.

Compare that to the current McDonald's advertisements of beverages costing ~only $1.50~

The big issue with your wish to have thins costing less, is that it tends to result in many people losing their job, as the economy slows.

So, what's the solution? Something similar to the Great Recession of 2008 that occurred under fmr Pres G.W.Bush?

I wish I knew the magic formula that allows deflation without having massive layoffs.

#20 | Posted by LampLighter at 2024-10-12 09:45 PM

@#14 ... The last time I checked 55 cents of every dollar the US Government spends is borrowed. This can't continue. ...

In one respect, I may agree.

But then I have to ask, how will fmr Pres Trump's promised tax cuts for the uber-wealthy remedy the situation?

#21 | Posted by LampLighter at 2024-10-12 09:48 PM

Trump ran up national debt twice as much as Biden: new analysis (June 2024)
www.axios.com

... Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.

Why it matters: The winner of November's election faces a gloomy fiscal outlook, with rapidly rising debt levels at a time when interest rates are already high and demographic pressure on retirement programs is rising.

- - - Both candidates bear a share of the responsibility, as each added trillions to that tally while in office.

- - - But Trump's contribution was significantly higher, according to the fiscal watchdogs at the Committee for a Responsible Federal Budget, thanks to both tax cuts and spending deals struck in his four years in the White House. ...

#22 | Posted by LampLighter at 2024-10-12 09:52 PM

MAGTARDS can suck it

#23 | Posted by LegallyYourDead at 2024-10-13 02:21 AM

Plus explain cutting 50 basis points and interest rates still go up.

#24 | Posted by fresno500 at 2024-10-13 10:02 AM

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