JPMorgan CEO Jamie Dimon has warned that the U.S. economy could tip into recession in 6-9 months and the stock market could easily fall another 20%.
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.
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