JPMorgan Chase CEO Warns of Most Dangerous Time in Decades Due to Recession Risks from Inflation, Rates, and Geopolitics

JPMorgan Chase CEO Jamie Dimon warned investors of "the most dangerous time the world has seen in decades" due to geopolitics that could trigger a recession.

Dimon said consumers are spending down excess cash, inflation remains high, government debt is massive, and quantitative tightening reduces market liquidity.

To hedge finances, Dimon suggests high-yield savings accounts, treasury bonds, real estate/REITs, and alternative assets like art, wine, or precious metals.

Even with a healthy economy now, Dimon cautions markets doing well today doesn't guarantee future performance.

Dimon says while U.S. consumers and businesses "remain healthy," extended high inflation, interest rate hikes, and geopolitics are increasing recession risks.