Dimon Warns Economic 'Goldilocks' Forecast Too Optimistic, Sees Parallels to 1970s Stagflation
• Dimon is skeptical of the "Goldilocks" soft landing scenario for the economy that many banks are forecasting • He believes issues like high government debt, quantitative tightening, and geopolitical tensions could disrupt growth • Dimon sees parallels to the high inflation and global instability of the 1970s • While consumers currently seem resilient, he warns their savings from the pandemic are running out • Factors like rising interest rates and stagnating wage growth could impact consumer health going forward