Wall Street Executives Predict Rocky Economic Road Ahead
• JPMorgan's Jamie Dimon worries consumers are cash-strapped, interest rates could still climb higher, and full impact of fiscal stimulus and tightening still to be felt
• Goldman Sachs' David Solomon sees inflation and geopolitics as headwinds to growth; lower-income consumers spending less
• Morgan Stanley economist Ellen Zentner guarantees a hard landing eventually from delayed impacts of rate hikes and balance sheet reduction
• Johns Hopkins professor Steve Hanke notes history shows contracting money supply leads to recession, and supply has dropped 4.5% since March
• DoubleLine Capital's Jeffrey Gundlach predicts a recession before 2025 due to economic softening and early indicators flipping towards downturn