Christopher
Green of AMTV is a strange mixture of some good commentary mixed in
with deluded nonsense about becoming rich on cryptos. When the
collapse finally comes nothing will save us.
THIS
IS BIG!! JAMIE DIMON WARNS OF IMPENDING GLOBAL EVENT
Jamie
Dimon sounds warning about 'geopolitical issues bursting all over the
place'
- 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.
CNBC,
12
October, 2018
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.
"If
rates go up because you have inflation, that is not a plus. That is a
bad thing," Dimon said. "So far, we still have a strong
economy in spite of these increasing overseas geopolitical issues
bursting all over the place."
When
asked to name these issues, Dimon rattled off a list that included
the Trump administration's trade dispute with China, Brexit, the
unwinding of bond-purchasing programs by central banks around the
world, as well as flareups across Europe, the Middle East and Latin
America including in Italy and Turkey.
"It's
an extensive list of stuff," Dimon said, adding that most of the
times, it's rising rates and not geopolitical issues that ends up
derailing economic cycles. "I'm just pointing that out. No one
should be surprised if it happens down the road."
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