Bitcoin Haberleri- Dimon predicted that oil prices might rise from $150 to $175 a barrel.
- The CEO was emphatic in his warning that “wars go bad.”
During a financial conference hosted by Alliancebernstein Holdings on Wednesday, Jamie Dimon, CEO JPMorgan ve Chase, warned of an impending economic hurricane. Dimon exclaimed, “It’s a hurricane!”
In May, JPMorgan CEO Jamie Dimon indicated that “storm clouds” were looming. His original prognosis has been revised. A hurricane was approaching, he warned. Several important topics preoccupy Dimon. After the Federal Reserve ends its emergency bond-buying operations and shrinks its balance sheet, the quantitative tightening (QT) is anticipated to begin this month.
Multiple Warnings of Recession Recently
He is particularly concerned about the effect of the Russia-Ukraine conflict on necessities like food and petrol. He predicted that oil prices might rise from $150 to $175 a barrel in the near future. The CEO was emphatic in his warning that “wars go bad” and that there are “unintended consequences”:
As per Dimon, we’re not doing enough to shield Europe from the short-term effects of oil prices. Furthermore, according to Dimon’s comments to Bloomberg last month, the Federal Reserve should have raised interest rates sooner. As a result, he fears that the Federal Reserve will cause a recession. The kripto market is already in a negative phase, with almost all digital currencies performing poorly.
The Big Short investor Michael Burry, Allianz’s senior economic adviser Mohamed El-Erian, and Tesla CEO Elon Misk have warned lately of a recession. For Blackrock, the world’s biggest asset manager with roughly $10 trillion in assets under management, the danger of sparking a recession is quite natural. If they don’t tighten sufficiently, the danger is that inflation will spiral out of control.
Source: https://thenewscrypto.com/jpmorgan-ceo-jamie-dimon-warns-of-an-impending-economic-hurricane/