Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home Crypto News

JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a Recession Could Be Coming – Economics Bitcoin News

tradingfxdaily by tradingfxdaily
August 16, 2022
in Crypto News
0
JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a Recession Could Be Coming – Economics Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war, and China.

JPMorgan Chief Jamie Dimon’s Economic Forecasts

JPMorgan’s chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions about where the U.S. economy is headed during a client call last week, Yahoo Finance reported Saturday.

While noting that the U.S. economy is strong, with consumers’ balance sheets and businesses in good shape, the executive emphasized that “you have to think differently” when forecasting. The JPMorgan chief described: “What is out there? There are storm clouds. Rates, QT, oil, Ukraine, war, China.”

Dimon shared: “If I had to put odds: soft landing 10%. Harder landing, mild recession, 20%, 30%.” He added:

Harder recession, 20%, 30%. And maybe something worse at 20% to 30%.

“It is a bad mistake to say ‘here is my single point forecast,’” he clarified.

His predictions echoed what he said in June when he warned that an economic hurricane is “coming our way.” He advised investors to brace themselves.

While Dimon sees a possibility of something worse than a recession, he stressed during a recent visit to JPMorgan Chase’s Olneyville bank branch: “Whatever the future brings, JPMorgan is prepared.”

Various analysts have predicted that the U.S. economy could be in a recession this year. Bank of America’s head of U.S. economics, Michael Gapen, told Fox Business Monday that there is a high chance of a mild recession this year. He expects the Federal Reserve to inadvertently trigger a downturn with its war on inflation. “This cycle probably ends in a mild downturn … How do I come to that? It’s basically just history. It’s really hard to achieve a soft landing,” the analyst opined.

Goldman Sachs’ economist David Mericle detailed in a client note Sunday: “Our broad conclusion is that there is a feasible but difficult path to a soft landing, though several factors beyond the Fed’s control can ease or complicate that path and raise or lower the odds of success.”

What do you think about JPMorgan CEO Jamie Dimon’s economic predictions? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It

Source link

Related articles

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

January 29, 2023
Litecoin Displays Consolidation, Expect A Reversal Soon?

Litecoin Displays Consolidation, Expect A Reversal Soon?

January 29, 2023
Share76Tweet47

Related Posts

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

by tradingfxdaily
January 29, 2023
0

A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector,...

Litecoin Displays Consolidation, Expect A Reversal Soon?

Litecoin Displays Consolidation, Expect A Reversal Soon?

by tradingfxdaily
January 29, 2023
0

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50%...

Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

by tradingfxdaily
January 29, 2023
0

Bitcoin (BTC) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names.In a...

Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness – Economics Bitcoin News

Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness – Economics Bitcoin News

by tradingfxdaily
January 29, 2023
0

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global...

Yuga Labs co-founder to take leave of absence due to health reasons

Yuga Labs co-founder to take leave of absence due to health reasons

by tradingfxdaily
January 29, 2023
0

Nonfungible token (NFT) entrepreneur Wylie Aronow of Yuga Labs — the team behind Bored Ape Yacht Club (BAYC) and CryptoPunks...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
Don't Blame Covid for the Worker Shortage

Don't Blame Covid for the Worker Shortage

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
Don't Blame Covid for the Worker Shortage

Don't Blame Covid for the Worker Shortage

January 29, 2023
Oil bulls continue to run into sellers ahead of $83

Oil bulls continue to run into sellers ahead of $83

January 29, 2023
Indigenous boy with autism should not have been handcuffed at Vancouver hospital, says mother

Indigenous boy with autism should not have been handcuffed at Vancouver hospital, says mother

January 29, 2023
China’s 2022 smartphone shipments the lowest in 10 years

China’s 2022 smartphone shipments the lowest in 10 years

January 29, 2023
Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’ – Exchanges Bitcoin News

January 29, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.09  -0.16%  
EURCAD=X 
$1.45  -0.30%  
EURJPY=X 
$141.09  -0.45%  
GBPUSD=X 
$1.24  -0.10%  
EURNZD=X 
$1.67  -0.30%  
AUDUSD=X 
$0.7106  -0.15%  
CADUSD=X 
$0.7514  0.10%