#economy
When Governments Play Monopoly Without the Rules
#economy
When Governments Play Monopoly Without the Rules
Ah, the economy—where the government treats it like a game of Monopoly, but instead of actually trying to win, they just keep flipping the board and making new rules as they go. They’ll pass out "stimulus checks" like Community Chest cards, but somehow, you still can’t afford the rent on Park Place. Inflation rolls the dice and suddenly everything costs twice as much, but they assure us, "It's totally fine, just trust the process!" Meanwhile, the central bank is busy printing money like it's free parking, while everyone else wonders when the game will end—preferably without everyone going bankrupt. And when the economy goes off the rails? They just throw out a bailout like it’s a "get out of jail free" card. It’s like watching someone who’s never read the rules try to run the game, and somehow, they’re still convinced they’re winning.
Dimon: US Economy Heading Toward Recession, Needs Quick Trade Deal Progress
- Wednesday, 09 April 2025
According to JPMorgan Chase CEO Jamie Dimon, the US economy is likely heading towards a recession due to President Trump’s tariffs. However, Dimon also expressed hope by emphasizing that the US has the best economy in the world, with GDP per person at $85,000 compared to China's $15,000. He suggested that the key to calming down the markets is for Treasury Secretary Scott Bessent to negotiate trade deals quickly and show progress.
