#recessionquot

[coinnewsfx]

Jamie Dimon advises shareholders that he expects the corona virus to cause at least a "bad recession" and a "financial burden similar to the global financial crisis" (JPM). 2020

Brian Snyder / Reuters

In his Annual letter to JPMorgan shareholders, CEO Jamie Dimon warned that while the bank is strong, the coronavirus pandemic will not leave the bank unaffected.

The coronavirus pandemic will damage the US economy, according to Dimon. "At least we expect there to be a bad recession that will involve a financial burden that resembles the global financial crisis of…

[coinnewsfx]

"We are facing a recession": stocks fall and oil sinks to a 17-year low as fears of the coronavirus outweigh stimulus hopes 2020

Reuters / Brendan McDermid

Stocks plummeted and oil fell to a 17-year low on Wednesday as government measures did not dispel fears of the corona virus.

The sellout occurred after Treasury Secretary Steven Mnuchin reportedly privately warned lawmakers that US unemployment could rise to 20% if the Federal Reserve and Congress fail to take adequate action.

The Trump administration is targeting a $…

[coinnewsfx]

Analyst explains Why Bitcoin Investors Shouldn't "Pray For Recession" Despite having a market value of over $ 100 billion, Bitcoin is only 11 years old and…

[coinnewsfx]

"On the brink of a global recession": A financial expert warns of severe coronavirus failures as a market tank 2020

"On the brink of a global recession": A financial expert warns of severe coronavirus failures as a market tank 2020

Lucas Jackson / Reuters

Coronavirus' success in key supply chains and spending patterns are driving the world "into a global recession this year," said Nigel Green, CEO of financial services company deVere Group, on Wednesday.

Investors were "surprised" by large sell-offs on Monday and Tuesday and the possibility of sustained economic risk from the outbreak, added Green.

The effects of the…