"You know, I said there's storm clouds but I'm going to change it … it's a hurricane," Dimon said Wednesday at a financial conference in New York.
"Shame on you if that's how you vote," Dimon said. "I am a red-blooded, free market capitalist and I'm not woke," he said. Oil "almost has to go up in price" because of disruptions caused by the worst European conflict since World War II, potentially hitting $150 or $175 a barrel, Dimon said. Central banks "don't have a choice because there's too much liquidity in the system," Dimon said, referring to the tightening actions. "Wars go bad, [they] go south in unintended consequences," Dimon said. "I don't know what the effect of that is, but I'm prepared for, at a minimum, huge volatility." That's the environment we're dealing with." "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet." "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet." "Right now, it's kind of sunny, things are doing fine, everyone thinks the Fed can handle this," Dimon said. "We've never had QT like this, so you're looking at something you could be writing history books on for 50 years," Dimon said. There are two main factors that has Dimon worried: First, the Federal Reserve has signaled it will reverse its emergency bond-buying programs and shrink its balance sheet.
Dimon, speaking at a financial conference sponsored by AllianceBernstein, said, “It's a hurricane. Right now, it's kind of sunny, things are doing fine, ...
You better brace yourself.” “We just don’t know if it’s a minor one or Superstorm Sandy or Andrew or something like that. Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,” according to Bloomberg.
In a freewheeling interview at a conference on Wednesday, the JPMorgan Chase chief executive described himself as “a red-blooded free-market capitalist” and ...
Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, ...
“That’s the environment we’re dealing with.” “Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it,” Dimon said. Still, he cited the strength of the consumer, rising wages and plentiful jobs as the “bright clouds” in the economy.
JPMorgan chief also warned investors of the economic threats rising from the war in Ukraine at a conference in New York on Wednesday.
"I think it's OK to hope that it will end up OK. I hope it. Dimon also argued: "We're not taking the proper actions to protect Europe from what's going to happen in oil in the short run. "Any senator or congressman who says that's woke, they're not thinking clearly because I want to win in the marketplace.
Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic "hurricane" caused by the war in Ukraine, rising inflation pressures ...
Dimon also said that JPMorgan Chase is going to do all it can to attract talent to stay on top of the financial world. Dimon may not be predicting a tsunami just yet. . He's also worried that the Fed is starting to unwind its bond portfolio, a process known as quantitative tightening, at the same time it is raising interest rates.
Hello. Today we look at the economic weather bearing down on the US, Japan's new capitalism, and the sustainability of debt costs as interest rates rise.
A day after President Joe Biden met with the Federal Reserve chair to discuss inflation, the chair of America's biggest bank warned of economic challenges ...
JP Morgan CEO Jamie Dimon on Wednesday became the latest finance leader to defend 'shareholder capitalism'—an embrace by businesses of socially conscious ...
The ESG (environmental, social and governance) approach to investing has also faced criticism from others who have accused it of being mere “greenwashing” and a “placebo” that fails to adequately address environmental and social issues. Earlier this year, JPMorgan was one of the companies flagged by the state’s comptroller Glenn Hegar under this measure who ordered the bank to disclose its “fossil fuel investment policies and procedures.” Hegar wrote that he will finalize a list of companies that “boycott the fossil fuel” based on the response he receives. Texas, which is a major oil-producing state, has attempted to push back against companies that are trying to divest fossil fuel companies from their portfolios.
Jaime Dimon, the public face of investment banking, refuted the notion that a greater focus on customers, employees and local communities—known as ...
He nevertheless appeared to support arguments extolling the benefits of stakeholder capitalism for investors. Even “Neutron” Jack Welch, the legendary former CEO of General Electric credited for popularizing the primacy of maximizing shareholder value, later broke with the notion. It’s part of a broader national trend in which many facets of life are framed in terms of identity politics and the culture wars.
Many are wondering about the stock market's future and when to expect recovery. See what JPMorgan Chase CEO Jamie Dimon says about a near economic ...
Along with the catalysts like inflation, rising interest rates and the Fed being in a "bind," Dimon stated that the conflict in Russia and Ukraine may be one of the biggest risks to the global economy. One thing Kolanovic and Dimon can agree on is that the war in Ukraine certainly poses the biggest risk to the global economy. Jamie Dimon has been the chairman and CEO of JP Morgan Chase since 2005 and has a net worth of about $1.8 billion. Despite Dimon's stern prediction of an inevitable economic storm, JP Morgan's Marko Kolanovic believes quite the opposite, and actually predicts an upward turn in 2022. The market losses at the hand of factors like inflation, the conflict in Russia and Ukraine and rising interest rates has prompted predictions as to what exactly comes next for the global economy as these opposing factors reach their boiling point. The economy has faced a whirlwind of recent pressures contributing to investment uncertainty and steep falls in the stock market.