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Gan Kim Yong hinted that Singapore may choose side among China, Taiwan, BRICS and USA. Do you like ?

C

ChopSengHuat

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S’pore has never stayed neutral and does take positions on trade with US and China: Gan Kim Yong
 

No matter which side we choose, there are a lot of uncertainties​


One thing for certain- King Trump will treat everyone else like a piece of used Toilet Paper as he see Beekok can throw anybody under the bus to fulfil his MAGA agenda - everybody just end up disposed into rubbish bin…can ask Hero Musk for more details

Jamie Dimon warns that stagflation, an economic nightmare scenario, is still a risk​

By Anna Cooban, CNN
Published 6:49 AM EDT, Thu May 22, 2025
gettyimages-2215730654.jpg

Qilai Shen/Bloomberg/Getty Images
JPMorgan Chase CEO Jamie Dimon.
LondonCNN —
JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs.

The term refers to a nightmare combination of economic stagnation or even a recession and rising inflation. It’s a very tricky scenario for central banks to navigate: raising interest rates to rein in inflation risks stifling growth and pushing up unemployment, but cutting interest rates to juice the economy could stoke inflation.

“There’s a chance that (we’ll) have stagflation (in the US),” Dimon told Bloomberg Television in Shanghai, China, Thursday. The billionaire stressed that he was not making a prediction but that “we have to be prepared for something like that.”

Global fiscal deficits are inflationary. I think the remilitarization of the world is inflationary. The restructuring of trade is inflationary. And this is not all an American thing,” he added.


Jamie Dimon continues to warn of recession, despite pullback in China tariffs
Dimon’s comments come as President Donald Trump is trying to pass a “big, beautiful bill” through Congress that would slash taxes for Americans — a move the nonpartisan Congressional Budget Office estimates would add trillions of dollars to the federal deficit over the coming years.

On Monday, Dimon told investors he believes that the odds of stagflation are likely twice that of what others have projected.

He also said that the full effects of Trump’s tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks.

The US Federal Reserve has kept its benchmark interest rate steady since January as Trump’s erratic trade policy has injected a huge amount of uncertainty into the world’s largest economy — in turn provoking robust criticism from Trump who would like to see rates fall.

In his Thursday interview at JPMorgan’s China Summit, Dimon disagreed with the idea that the Fed was operating in a “sweet spot.”

“The (US) economy has been doing well… we’ve effectively been in a soft landing,” he said, referring to the central bank’s success in bringing inflation down without tipping the economy into recession. But he added: “That does not tell you what the future’s going to be.”
 
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Global fiscal deficits are inflationary. I think the remilitarization of the world is inflationary. The restructuring of trade is inflationary. And this is not all an American thing,” he added.




Jamie Dimon continues to warn of recession, despite pullback in China tariffs
Dimon’s comments come as President Donald Trump is trying to pass a “big, beautiful bill” through Congress that would slash taxes for Americans — a move the nonpartisan Congressional Budget Office estimates would add trillions of dollars to the federal deficit over the coming years.

On Monday, Dimon told investors he believes that the odds of stagflation are likely twice that of what others have projected.

He also said that the full effects of Trump’s tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks.

The US Federal Reserve has kept its benchmark interest rate steady since January as Trump’s erratic trade policy has injected a huge amount of uncertainty into the world’s largest economy — in turn provoking robust criticism from Trump who would like to see rates fall.

In his Thursday interview at JPMorgan’s China Summit, Dimon disagreed with the idea that the Fed was operating in a “sweet spot.”

“The (US) economy has been doing well… we’ve effectively been in a soft landing,” he said, referring to the central bank’s success in bringing inflation down without tipping the economy into recession. But he added: “That does not tell you what the future’s going to be.”
 
how many big deal skolars graduate from prc? ...

dey cant even string a decent sentence in mandarin ...

collecting multi million $ celery n making ownself rook gud oways r top priorities ... wen ze decline n collapse is here, me oredi gone ... iz none of my biz any mor ...
 
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Still have retards BRICS this and BRICS that, and still believe the bullshit from that Aljunied GRC reject. :laugh:

Trump had publicly humiliated the BRICS 'S' country's nigger chief at the White House recently. :biggrin:

By the way, expect Taiwan's diplomatic status to get elevated very soon. :cool:
 
laksaboy said:
Still have retards BRICS this and BRICS that, and still believe the bullshit from that Aljunied GRC reject. :laugh:

Trump had publicly humiliated the BRICS 'S' country's nigger chief at the White House recently. :biggrin:

By the way, expect Taiwan's diplomatic status to get elevated very soon. :cool:
Click to expand...
Before Trump come up, I agreed with u
 
Stay on course la.
The world is interconnected , stay with Trump. We are a service base economy, with Finance.
USD is still the best. CNY is fucked.

XJP is fast become obselete. Reason no one wants to take over now is the trouble he created is becoming too much for anyone to take over. Wiping the shit off the ass Xi has created.

All over china, the property price drop. The people loses money and they don't spend money. Their retail stall is closing like mad and the super market is also crushing. MNC is withdrawing from Chinese market because there isn't any advantage investing in china anymore. All thanks to Xi for his 东升西降nonsensical reheortic.

Xi didn't realize China got rich and rapid rise is due to the west investing and pushing Chinese economy along. Witb MNC withdrawing in hoard, there's no one creating job for the people. Local MNC and company aren't world beaters yet. They are mainly subcontractors to these MNC.
 
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