#7381 ·
hollowwalker24 said:Donald Trump and Donald Trump are out here spreading propaganda:
Goldman Sachs says US Economy is stronger than expected and will only suffer a shallow recession despite sanctions
https://finance.yahoo.com/news/jpmor...154051281.html
I guess this is proof that sanctions are working exactly as intended:
Despite sweeping sanctions, US economic Outlook Has improved since April — though things have gone downhill for basically everyone else
https://www.businessinsider.com/imf-...cession-2022-7
The way this is written makes it sound like everything is totally fine and they aren't feeling any heat at all.
But then you actually open the articles and realize these geniuses over at JPMorgan Chase were predicting a massive 35% crash earlier 🙏 🙏and now they're acting like the economy is holding up better than expected. Honestly, the only way they'd see a hit like that would be if someone went in and completely leveled every single oil and gas refinery in the country. 🤦
If I were running that bank, I’d fire the entire analysis department on the spot for being that far off.
Then you take a closer look at the actual Business side of things, and I noticed you conveniently skipped the part where they mention the outlook improved. What that really means is they aren't expecting an 8.5% drop anymore, just "only" a 6% dip annually—BUT, they also bumped up the projected decline for 2023.