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JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy (www.cnbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

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KEY POINTS

JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
“Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”

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[–] [email protected] 3 points 1 week ago* (last edited 1 week ago) (1 children)

it's called Occam's Razor, put simply, states: “the simplest solution is almost always the best.” It's a problem-solving principle arguing that simplicity is better than complexity.

https://www.interaction-design.org/literature/article/occam-s-razor-the-simplest-solution-is-always-the-best

edit: added link to reference.

[–] [email protected] 3 points 1 week ago (1 children)

There's nothing simple about divining the intent of the severely mentally ill so what exactly is your point?

[–] [email protected] 2 points 1 week ago

just what you said, only pointed out there is a quote/theory that could apply here.

often we overcomplicate instead of seeing the simple explanation. the theorem applies to many cases, not just to solve problems.

I am not saying that the theorem is or isn't correct here, I was just mentioning it as it sort of fits the last couple of sentences in the comment.

I did not mean to say anything about this case in particular, just a comment to the simplest explanation/solution is often the correct one.

I am sorry if this came out confusing or out of context as this was not my intention.