Dimon Warns High Debt and Geopolitical Tensions Are 'Storm Clouds' That Could Lead to Stagflation

Stimulus spending during pandemic and high federal debt are 'storm clouds' for US economy, Dimon says.
Biggest risk is geopolitical tensions like Russia-Ukraine war affecting prices, trade, etc.
Inflation may not continue to decrease, forcing interest rates even higher.
Volatile markets are likely, with risk of stagflation - high rates and weak growth.
People should prepare for interest rates potentially rising to 7%, with recession a possibility.

businessinsider.com

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