In his annual letter to JPMorgan shareholders, Jamie Dimon rang the alarm on geopolitical tensions.
The bank's CEO said investors were too optimistic about inflation, interest rates, and the economy.
AdvertisementJamie Dimon is deeply concerned about international relations — and worries investors are too optimistic about threats such as inflation, interest rates, and recession.
AdvertisementIndeed, Dimon said JPMorgan was ready for rates of 2% to 8% or even higher.
He flagged the possibility of stagflation, which could usher in higher rates, large credit losses, a slump in business volumes, and tough markets.
Persons:
Jamie Dimon, —, Dimon, Sharp, he's
Organizations:
JPMorgan, Service, Federal, Wall
Locations:
Ukraine, China