JPMorgan CEO Jamie Dimon issued a stark warning about the U.S. economy. No sooner has Janet Yellen said our economy is good and strong when Jamie Dimon says the risks confronting Americans may be the worst since World War II. Don’t expect a soft landing.
Mr. Dimon made the remarks in his annual letter to shareholders.
“We may be entering one of the most treacherous geopolitical eras since World War II,” Mr. Dimon wrote, warning that the impacts of major economic and geopolitical forces—from high levels of debt and fiscal stimulus to the wars in Ukraine and the Middle East—could deliver nasty surprises to markets, reports The Epoch Times.
He said he’s worried about the Biden administration’s ongoing deficit spending, the unknown effects of quantitative tightening, the prospect that inflation will stay higher for longer, and the forces of deglobalization.
“The impacts of these geopolitical and economic forces are large and somewhat unprecedented,” Mr. Dimon warned. “They may not be fully understood until they have completely played out over multiple years.”
Even though many economic indicators appear good and may even be improving, including inflation numbers, Mr. Dimon said this could turn out to be little more than a mirage.
“There seems to be a large number of persistent inflationary pressures, which may likely continue,” Mr. Dimon wrote.
I think Jamie Dimon is long overdue for an FBI raid.
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Costco9 is selling 200 million worth of one once gold bars every month. I guess Americans have a new snack item? Don’t worry the economy is booming and everything is just fine.
Remember the full faith and promise is behind every monopoly dollar the government prints.
When I was kid and someone said something SO OBVIOUS we would reply “NO sh*t Sherlock”! He’s the CEO of a major financial operation and he JUST NOW sees this??? Has he been under a rock for the 8 years of the oblama and the 4 years of persecution of PRESIDENT TRUMP and the 3 years of the biden bunglers and CONTINUED persecution of PRESIDENT TRUMP?
I don’t see it that way though! I firmly believe that when PRESIDENT TRUMP regains his RIGHTFUL office there will be an almost immediate change in Our Nation and others around the world. WE will begin repairing here and other Nations will follow suit! PDJT will show the way and other brave leaders will follow!
PDJT will OPEN up OUR NATURAL RESOURCES! That alone will cause the USA to “perk up” – oil and natural gas will be FEATURED and the resulting price drops will be felt in nearly every product. MASS DEPORTATIONS will also relieve embattled cities from massive crimes and costs! TRIALS of the REAL TRAITORS will help restore faith in Our Government and Justice Systems. Our MILITARY will be RETURNED to it’s PURPOSE – MEN and WOMEN ONLY – no “half and half”! I do expect the RIOTS brought on by the left, but this time they will be quelled! Could that be WHY the DEMONcrats are working feverishly to kill the INSURRECTION Powers of the PRESIDENT?? You know it since it will be used AGAINST THEM!!
jP Morgan, one of those “too big to fail” banks, will be the one getting all of your bank’s $$ when they are forced to fail. YOUR $$ will be going to Jaimie, too, as it is no longer considered yours.
The trick of creating chaos and then seizing power under the pretense of putting things back in order is a tried and true method of deception and manipulation. Order out of chaos.