When "Master of the Universe" speaks, you'd better listen...




JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades

"The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend that he said “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.”

Beyond the military conflicts, Dimon cited the burgeoning national debt and “the largest peacetime fiscal deficits ever” that he said are raising the risks that inflation and interest rates remain high.

Along with the high rates, he mentioned the Federal Reserve’s efforts to reduce its bond holdings. The process, known as quantitative tightening, “reduces liquidity in the system at a time when market-making capabilities are increasingly limited by regulations,” he said.

Dimon recently has said that he has been warning clients about the possibility that interest rates may not only stay elevated but also could rise significantly from here."

https://www.cnbc.com/2023/10/13/jpmo...n-decades.html

Sounds like a bunch of fear mongering bullsh!t from some nerd who never worked with his hands before. (Super Ded fkn Srs)

Sounds like a good time to hunker down and be a good little white nationalist...

He is a weak cuckold type. Ferocious in finance but easily manipulated by certain types. Check out the early life on his wife. His kids are according to zionists Jewish and that supersedes his lineage. Take a guess who pulls that puppets' strings.

Well he's right that interest rates aren't going anywhere. Likely the best we can hope for is them being 1% lower a year from now. He doesn't have to mention the real inflation rate is higher than govt manipulated stats, everyone knows that already.

Middle East violence could mean sustained higher oil prices, which especially on top of other factors already present would be an economy wrecker. I'm wondering what effect student loans finally having to be paid back will have several months from now after borrowers have to readjust to paying them. Though I did see something about the US being close to a deal with Venezuela, removing some sanctions, which could alleviate Saudi Arabia's oil cuts. Those negotiations can't happen fast enough. Fingers crossed the US doesn't do more than send Israel some cash or else we are definitely fukced.