th<\/sup> 2025<\/i><\/p>\n <\/p>\n
JPMorgan Chase\u2019s CEO Jamie Dimon said he is \u201cfar more worried than others\u201d about a correction in U.S. stocks. In an interview with the BBC, Dimon said, \u201cYou see a lot of things out there, the amount of uncertainty and I put geopolitics in that category, fiscal spending in that category, politics in that category, the re-militarization of the world in that category. All these things cause a lot of issues that we don\u2019t know how they\u2019re going to sort out…[W]e should be stockpiling bullets, guns and bombs,\u201d as the world\u2019s a \u201cfar more dangerous place.\u201d<\/p>\n
But remilitarization, while alarming in and of itself, wasn\u2019t the only issue on Dimon\u2019s mind. It\u2019s clear he\u2019s worried about AI, which I consider a multi-trillion dollar economic bubble that could pop at any minute. (My words, not his, just to be clear). He said, \u201cSo if the market is pricing in 10%, I would say it\u2019s more like 30%, and I\u2019m not saying next year because the timing of these things is almost impossible.\u201d He considers a \u201cmarket correction\u201d likely, perhaps in six months, possibly two years.<\/p>\n
A \u201ccorrection\u201d is nabob-speak for a market slump of more than 20%, which in the case of the Dow Jones would work out to a drop approaching ten thousand points.<\/p>\n
The very next day, Lev Parnas wrote this: \u201cTrump\u2019s Tariff Shock EXPOSED \u2014 The $1 Billion Crypto Heist They Don\u2019t Want You to See. Minutes before Trump announced 100% tariffs on China, a secret wallet moved over $1 billion into crypto \u2014 triggering the biggest market crash in months and revealing […] insider corruption and market.\u201d<\/p>\n
OK, it was no crash: the Dow slipped 1,500 points over two days, about 3% of its value. But yes, the timing was almost prima facie<\/i> evidence that the corrupt and venal Trump gave some insider traders a heads up before making his shock tariff announcement. It\u2019s hardly the first time something like this has occurred\u2014indeed, Trump\u2019s seemingly erratic and capricious tariffs games have made some people, including Trump and members of his family\u2014obscenely wealthy.<\/p>\n
This entire administration is run by corrupt plutocrats intent on plundering the entire American economy. This collection of libertarians and fascists have managed to convince themselves that the economy can manage quite nicely without any economic involvement of the society that created that economy in the first place. They\u2019ve spent so much time arguing that workers are nothing more than an economic outlay and to argue otherwise is communism that they\u2019ve taken up believing their own propaganda. Most of them are corrupt, and the rest are delusional. And they are in charge.<\/p>\n
Add the vindictive madness that drives Trump and his supporters, the desire to utterly destroy a fifth of the labor force for the crime of dark skin or accents, the sheer paranoia and xenophobia that is causing them to cheer the dismantling of the United States of America (and yes, the democratic constitutional government IS the United States of America, and without it, it\u2019s just another big patch of land with lawless tribes)\u2014combine all that, and the stage is set for an economic catastrophe.<\/p>\n
Project 2025, in the form of White House Office of Management and Budget director Russel Vought, is manipulating the latest Republican-engineered government to dismantle huge chunks of the government, firing tens of thousands of experienced and capable government employees supposedly because of the shutdown. There have been a dozen shutdowns, some lasting weeks. Workers got furloughed, knowing their jobs (and in most cases back pay) would be there when the shutdown ended. Vought\u2019s vision of a fascist dictatorship means he must do as much to destroy the government now while he has the opportunity. He is doing this to the open cheers of his senile mouthpiece president, who has openly cheered \u201cthe unprecedented opportunity\u201d to dismantle \u201cdemocrat agencies.\u201d<\/p>\n
Most of those supposedly Democratic functions: education, medical care, legal protections, scientific research, and public protection agencies such as the weather service, OPEC, and FEMA, disproportionately serve the people in Republican areas, where state services are thin or even lacking and the overall economy is either weak or exploited by plutocrats in the name of \u201csupply-side economics.\u201d<\/p>\n
But make no mistake\u2014we\u2019ll ALL be hurt if Trump and his handlers pull this off. We\u2019ll begin missing meals or end up in the camps just in time for the entire financial structure to to implode, possibly taking the currency and remaining national wealth with it, leaving America\u2014and Americans\u2014bankrupt and destitute. Then, and only then, will the malefactors in the top 1% realize that we were the tide that raised their yachts.<\/p>\n
By then, it will be too late. Unless we move to prevent it now.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Bryan Zepp Jamieson October 11th 2025 JPMorgan Chase\u2019s CEO Jamie Dimon said he is \u201cfar more worried than others\u201d about a correction in U.S. stocks. In an interview with the BBC, Dimon said, \u201cYou see a lot of things out there, the amount of uncertainty and I put geopolitics in that category, fiscal spending … <\/p>\n
Continue reading “Market Markers — How now down Dow?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,10,5,60,735,2165],"tags":[2471,2472,674,2465,2466,2469,2470,2468,1875,2467],"class_list":["post-1868","post","type-post","status-publish","format-standard","hentry","category-american-psyche","category-economics","category-foreign-affairs","category-politics","category-terror","category-trump-second-term","tag-bitcoin","tag-bubble","tag-corruption","tag-jamie-dimon","tag-jp-morgan-chase","tag-lev-parnas","tag-market-correction","tag-office-of-management-and-budget","tag-project-2025","tag-russel-vought"],"yoast_head":"\nMarket Markers -- How now down Dow? · Zepp's Commentaries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zeppscommentaries.online\/?p=1868\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Markers -- How now down Dow? · Zepp's Commentaries\" \/>\n<meta property=\"og:description\" content=\"Bryan Zepp Jamieson October 11th 2025 JPMorgan Chase\u2019s CEO Jamie Dimon said he is \u201cfar more worried than others\u201d about a correction in U.S. stocks. 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