NOW:
BIDEN: “The concept we’re going to have the ability to click on a swap, convey down the price of gasoline, just isn’t possible within the close to time period. Neither is it with regard to meals.” pic.twitter.com/PDLUx5emDR
— Breaking911 (@Breaking911) June 1, 2022
Jamie Dimon sounds the alarm… $175 oil is coming…
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There are two predominant elements that has Dimon frightened: So-called quantitative tightening, or QT, is scheduled to start this month and can ramp as much as $95 billion a month in decreased bond holdings.
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The opposite giant issue worrying Dimon is the Ukraine battle and its impression on commodities, together with meals and gasoline. Oil may hit $150 or $175 a barrel, he mentioned.
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“You’d higher brace your self,” Dimon informed the roomful of analysts and buyers. “JPMorgan is bracing ourselves and we’re going to be very conservative with our stability sheet.”
JPMorgan Chase CEO Jamie Dimon says he’s making ready the most important U.S. financial institution for an financial hurricane on the horizon and suggested buyers to do the identical.
“You realize, I mentioned there’s storm clouds however I’m going to vary it … it’s a hurricane,” Dimon mentioned Wednesday at a monetary convention in New York. Whereas circumstances appear “effective” in the mean time, no person is aware of if the hurricane is “a minor one or Superstorm Sandy,” he added.
“You’d higher brace your self,” Dimon informed the roomful of analysts and buyers. “JPMorgan is bracing ourselves and we’re going to be very conservative with our stability sheet.”
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Biden’s Treasury Secretary Janet Yellen admits she was WRONG to say inflation would solely be ‘transitory’ as People really feel the pinch of the best inflation in 40 years
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