______________________________________________________
Jamie Dimon says the US has less than 50% odds of nailing a soft landing: ‘Don’t get lulled into a false sense of security’
Filip De Mott
Apr 25, 2024, 7:42 AM GMT-7 – BusinessInsider
Dimon refers to a US slowdown when an oil crisis sent inflation soaring and a recession took hold, a dire situation known as stagflation.
- Markets are too optimistic about a soft landing, JPMorgan chief Jamie Dimon told The Wall Street Journal.
- He expects soft landing odds to be half of what markets are pricing in.
- “Don’t get lulled into a false sense of security because the today looks okay.”
Things aren’t looking particularly rosy for markets and the economy, Jamie Dimon said in an interview with The Wall Street Journal.
“The odds of a soft landing, the market kind of prices in 70%. I think it’s half of that,” the JPMorgan chief said. “It looks a little bit more like the ’70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 — they were not rosy in 1973.”
Dimon referred to a US slowdown at that time, when an oil crisis sent inflation soaring and a recession took hold, a dire situation known as stagflation.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
