JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Months, Stock Market Could Drop 20% More — 'This Is Serious Stuff' – Economics Bitcoin News

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

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: , emphasizing that the central bank “waited too long and did too little.” Dimon opined: “And, you know, 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.”

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

WE WERE IN A RECESSION 2 MONTHS AGO.

I'm expecting that.People prepare the best you can.Bad as I hate to admit its probably to late for politics to make a difference.

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We have been in recession for the past 6 months and the market is oversold already

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Stocks could fall 'another easy 20%' and next drop will be 'much more painful than the first', Jamie Dimon saysJPMorgan Chase & Co. CEO Jamie Dimon warns investors that stocks could slide much further as the Fed continues hiking interest rates. He just wants more cacaine Jamie Dimon just keeps predicting a recession. Eventually he'll be right? 🤷‍♂️ From April 2020. Dimon and others like him HOPE to stir up fears of a recession so they can get more republicans in office -- because that's worked out so well for us. Let's stop being manipulated by people with greedy self interests.
Source: MarketWatch - 🏆 3. / 97 Read more »