Why JPMorgan CEO Jamie Dimon Is Skeptical of an Economic Soft Landing | WSJ

Watch the full, wide-ranging interview with JPMorgan Chase CEO Jamie Dimon here: on.wsj.com/4aWntus

I think I am with Jamie on this. I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

“the consumer is in pretty good shape right now” i dont feel in pretty good shape

I love when millionaires tell how the working class population feel itself.

J.P Morgan stood up in his grave and applauded.

Tell Jamie I can’t login to my Chase account

the consumer is in pretty good shape as I spend 300 dollars for 2 bags of groceries

When you control the game board, the rules, the playing field and you tell the players how they’re doing.

as usual a suck up interview with no hard questions.

With this, what's the optimal strategy to capitalize on the stock market? I'm contemplating diversifying my $400k stock portfolio to maximize returns while minimizing risk.

Everyone was a genius at zero % FED FUNDS RATE 😈😈

The problem is that consumers out in the job market DO have options, but wages have stagnated. In simple words: jobs have increased, but not wages. It is very misleading. Their purchasing power isn’t the same as before. This is rubbish

"the consumer is in pretty good shape, they can't afford bread, but they can eat cake instead, they have options". - Jamie Diman billionaire

Jamie Dimon said year and a half ago that consumers will run out of money. Never expect them to tell you the truth ,they will only tell you what they want you to hear.

This same guy said bitcoin was a scam, and he buys millions worth of it. How can anyone trust what he says.

He knows a lot but people are not good. They are hungry and at each others’ throat on the low level

"Free democratic western world". He forgot to put on a clown paint.

WOW, he stole my quote. I keep telling every young person that it feels like 1973! back when I was 15 & scared about the future..

Sounds like he’s running for president