Socio-Economics History Blog

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Jamie Dimon Warns of Impending Global Event?

  • JAMIE DIMON SOUNDS WARNING ABOUT ‘GEOPOLITICAL ISSUES BURSTING ALL OVER THE PLACE’
    by https://stockboardasset.com/
    * J.P. Morgan Chase CEO Jamie Dimon raises concerns that rising interest rates and geopolitical flareups could derail U.S. economic growth.
    * While rising rates amid a strong economy are good during periods of inflation, they could eventually put a halt to the nearly decade-long economic growth cycle, he says.

    via @hugh_son 
    J.P. Morgan Chase CEO Jamie Dimon raised concerns Friday that rising interest rates and geopolitical flareups could derail U.S. economic growth. “The economy is still very strong, and that’s across wages, job creation, capital expenditure, consumer credit; it’s pretty broad-based and it’s not going to be diminished immediately,” Dimon said in a media conference call following his bank’s earnings report. “I was pointing out the probabilities that I thought were higher that rates would go up. I still believe that. I do think you’re going to see higher rates.”

    While rising rates amid a strong economy are good, they could eventually put a halt to the nearly decade-long economic growth cycle, he said. Dimon said later in a conference call with analysts that benchmark rates could reach 4 percent. The 10-year Treasury yield was last at 3.16 percent, up significantly in the last month, a move that sparked the longest decline in the S&P 500 in almost two years.

    read more.

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October 15, 2018 - Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , ,

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