When credit spreads increase, governments, companies, and individuals face higher borrowing costs, which creates systemic financial stress that can potentially trigger a recession; while not inevitable, this scenario represents a significant economic risk that affects employment stability.
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Jamie Dimon's stark warning about a potential recession.Hinzugefügt:
If credit spreads go up, people, companies, and governments will have to pay more. And so, that can put stress in the system and easily could cause a recession type thing. Again, I'm not terrified of recession other than you know, it hurts people who get laid off.
But, uh but I think as a scenario, that's a very possible scenario.
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