JPMorgan CEO Jamie Dimon Expects US Recession in Six to Nine Months
These are very, very serious things which I think are likely to push the US and the world
"I mean, Europe is already in recession -- and they’re likely to put the US in some kind of recession six to nine months from now,” Dimon said in an interview Monday with CNBC.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said “serious” headwinds are likely to push the US and global economies into recession by the middle of next year
While the US economy is doing well at the moment, a number of indicators and global issues
The impact of surging inflation, interest rates going up more than had been expected.
The effects of the Federal Reserve ending quantitative easing and Russia’s war in Ukraine among them -- are ringing alarm bells, Dimon said.
“The likely place you’re going to see more of a crack and maybe a little bit more of a panic is in credit markets, and it might be ETFs, it might be a country, it might be something you don’t suspect,”
“If you make a list of all the prior crises, sitting here we would not have predicted where they came from, though I think you could predict this time that it probably will happen."
"So if I was out there I’d be very cautious. If you need money, go raise it.”