Jamie Dimon warns on U.S. economy in 2024, 2025
January 17, 2024 From CNBC:
JPMorgan Chase CEO Jamie Dimon is cautious about the U.S. economy in the next two years due to financial and geopolitical risks, including Ukraine conflict and terrorist activity in Israel. Dimon expressed concern over quantitative tightening and believes the stock market’s buoyancy has led investors to underestimate potential risks ahead.
Despite record profits at JPMorgan, CEO Jamie Dimon remains cautious about the U.S. economy due to various risks. Quantitative tightening and geopolitical issues, such as Ukraine and terrorist activity in Israel, are key concerns. Dimon believes that the buoyant stock market has caused investors to overlook potential risks ahead.
Goldman Sachs CEO David Solomon expressed concern about soaring U.S. debt levels. He warned about the growing debt, describing it as a significant risk issue that will need to be addressed. Solomon believes the debt issue might not be tackled in the next six months.
In a wide-ranging interview, JPMorgan Chase CEO Jamie Dimon discussed his views on a variety of topics, including Ukraine, former President Donald Trump, immigration, commercial real estate and bitcoin. He emphasized the importance of the Ukraine conflict as a battle for freedom and democracy for the free world.