JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Kuud, Stock Market Could Drop 20% More — ‘This Is Serious Stuff’

The CEO of global investment bank JPMorgan, Jamie Dimon, on hoiatanud, et USA. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that the stock market could easily fall another 20%.

Sisu

JPMorgan CEO Jamie Dimon’s Warnings

JPMorgan CEO Jamie Dimon shared his warnings about the U.S. economy and the stock market in an interview with CNBC Monday at the JPM Techstars conference in London.

Dimon cited a number of indicators that could push the U.S. economy into recession, including runaway inflation, interest rates rising more than expected, the effects of quantitative easing, and the Russia-Ukraine war. Stating that “Europe is already in recession,” the JPMorgan boss said:

These are very, very serious things which I think are likely to push the U.S. and the world … in some kind of recession six to nine months from now.

The executive noted that the Federal Reserve is “clearly catching up” as inflation reached a 40-year high, emphasizing that the central bank “waited too long and did too little.” Dimon opined: “And, sa tead, from here, let’s all wish him [Fed’s chairman] success and keep our fingers crossed that they managed to slow down the economy enough so that whatever it is, is mild — and it is possible.”

sellest hoolimata, he believes that the U.S. economy is “actually still doing well,” adding that consumers are likely to be in better shape than during the 2008 global financial crisis. Kuid, hoiatas ta:

But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff.

Responding to a question about how long the U.S. economy will likely be in recession, he admitted that he could not be certain, advising market participants to assess a range of outcomes. “It can go from very mild to quite hard and a lot will be reliant on what happens with this war. Niisiis, I think to guess is hard, be prepared,” the JPMorgan chief stated.

Dimon was also asked about the outlook for the S&P 500. He stressed that the markets will be volatile and the benchmark could fall further from current levels. “It may have a ways to go. It really depends on that soft-landing, hard-landing thing and since I don’t know the answer to that, it’s hard to answer … it could be another easy 20%,” the JPMorgan executive replied, väljatöötamine:

The next 20% would be much more painful than the first.

“Rates going up another 100 basis points will be a lot more painful than the first 100 because people aren’t used to it, and I think negative rates — when all is said and done — will have been a complete failure,” he concluded. Kirjutamise ajal, the S&P 500 has already dropped 25% year-to-date.

Juunis, Dimon hoiatas that an economic hurricane was coming, advising people to brace themselves. Augustis, the JPMorgan boss doubled down on his warning, cautioning that “something worse” than a recession could be coming.

Sildid selles loos
Jamie Dimon, jpmorgan, JPMorgan Jamie Dimon, JPMorgan Jamie Dimon predictions, JPMorgan Jamie Dimon recession, JPMorgan Jamie Dimon stock market, JPMorgan Jamie Dimon warnings, Majanduslangus, stock market prediction, USA majandus, us recession, world recession

What do you think about the warnings by JPMorgan CEO Jamie Dimon? Andke meile teada allpool olevas kommentaaride jaotises.

Kevin Helms

Austria majandusteaduse tudeng, Kevin leidis Bitcoini 2011 ja on sellest ajast peale olnud evangelist. Tema huvid seisnevad Bitcoini turvalisuses, avatud lähtekoodiga süsteemid, võrguefektid ning majandusteaduse ja krüptograafia ristumiskoht.




Pildi autorid: Shutterstock, Pixabay, Wiki Commons

Vastutusest loobumine: See artikkel on mõeldud ainult informatiivsel eesmärgil. See ei ole otsene pakkumine ega ostu- või müügipakkumise küsimine, või mis tahes toodete soovitust või kinnitust, teenuseid, või ettevõtted. Bitcoin-Tidings.com ei paku investeeringuid, maks, seaduslik, või raamatupidamisalane nõustamine. Ettevõte ega autor ei vastuta, otseselt või kaudselt, mis tahes kahju või kaotuse eest, mis on põhjustatud või väidetavalt põhjustatud mis tahes sisu kasutamisest või sellest sõltumisest või sellega seoses, selles artiklis mainitud kaupu või teenuseid.

Lugege lahtiütlemine