Posted 12/3/2023, 9:00:24 PM
Dimon Warns of Explosive Risks to Economy from High Debt, Inflation and Geopolitical Tensions
- JPMorgan Chase CEO Jamie Dimon warns of "explosive event" due to risks like high debt, inflation, and geopolitical tensions
- Trillions in pandemic aid and government spending is like "heroin" fueling a "sugar high" economy
- Inflation may persist, forcing more rate hikes and profit drops for companies
- Dimon fears things may worsen in the Middle East, sparking broader market turmoil
- The economy faces a "dangerous cocktail" of risks when support like low rates is removed